Thursday, May 21, 2015

Agro Outlook Updates for 21 May 2015

Barley prices closed higher by 0.16 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of strong demand from beer and cattle-feed making industries against restricted supply in physical markets. At the NCDEX, barley futures for June 2015 contract closed at Rs. 1,265 per quintal, up by 0.16 per cent, after opening at Rs. 1,261 against the previous closing price of Rs. 1,263. It touched the intra-day high of Rs. 1,269.5.

Jeera prices closed higher by 1.25 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At the NCDEX, jeera futures for June 2015 contract closed at Rs. 18,695 per quintal, up by 1.25 per cent, after opening at Rs. 18,410 against the previous closing price of Rs. 18,465. It touched the intra-day high of Rs. 18,965.

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