Monday, June 1, 2015

Agro Outlook Updates and Tips for 1 June 2015

Mcx commodity tips : Jeera prices closed higher by 0.8 % on Friday 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 NCDEX, jeera futures for June 2015 contract closed at Rs. 17,545 per quintal, up by 0.8 per cent, after opening at Rs. 17,480 against the previous closing price of Rs. 17,405. It touched the intra-day maximum of Rs. 17,670.

Maize prices ended lower by 0.26 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak offtakes from the local buyers. At NCDEX, maize futures for June 2015 contract closed at Rs. 1,153 per quintal, down by 0.26 per cent, after opening at Rs. 1,155 against the previous ending price of Rs. 1,156. It touched the intra-day low-lying of Rs. 1,153.

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