Friday, May 29, 2015

Agro Outlook News and Updates for 29 May 2015

D A I L Y B U Z Z

Mcx commodity tips : Maize prices closed higher by 0.25 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries. At the NCDEX, maize futures for July 2014 contract closed at Rs. 1,187 per quintal, up by 0.25 per cent, after opening at Rs. 1,185 against the previous closing price of Rs. 1,184. It touched the intra-day maximum of Rs. 1,192.

Mustard Seed prices closed lower by 1.1 % on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At NCDEX, Mustard Seed futures for June 2015 contract closed at Rs. 4,225 per quintal, down by 1.1 per cent, after opening at Rs. 4,255 against the previous closing price of Rs. 4,272. It touched the intra-day low of Rs. 4,213.

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