Tuesday, August 5, 2014

DAILY COMMODITY AGRI UPDATES 05 AUG 2014

Agro Outlook
D A I L Y B U Z Z
CHANA 
Chana prices fell 0.69 per cent to Rs 2,871 per quintal in futures trade today as speculators trimmed positions amidst increased supplies from producing regions in the spot market against weak demand.

At the National Commodity and Derivative Exchange, chana for delivery in September moved down by Rs 20, or 0.69 per cent, to Rs 2,871 per quintal with an open interest of 1,15,010 lots.

Similarly, the commodity for delivery in August traded lower by Rs 18, or 0.64 per cent, to Rs 2,787 per quintal in 92,020 lots.

TURMERIC 
Turmeric prices shot up by 2.29 per cent to Rs 6,780 per quintal in futures trading today as speculators indulged in creating fresh positions amid rising demand in the spot market.

Besides, tight stocks position in the physical market following fall in supplies from producing regions also supported the upside in turmeric prices.

At the National Commodity and Derivatives Exchange, turmeric for delivery in September spurted by Rs 152, or 2.29 per cent, to Rs 6,780 per quintal with an open interest of 6,560 lots.

Similarly, the spice for delivery in August gained Rs 128, or 1.99 per cent, to Rs 6,548 per quintal in 11,265 lots. 

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