Friday, January 13, 2012

NCDEX Updates for Today

  • Yesterday, Guar Seed futures hit a new record high for the 4th straight session with a 4% rise, shrugging off regulatory measures to curb volatility. In Jodhpur spot market, Guar seed rose 352 rupees to 9,319 rupees per 100 kg.
  • Chana- In the Delhi spot market, Chana rose 50 rupees to 3,480 rupees per 100 kg.
  • Yesterday, Pepper futures ended higher due to expectations of fresh export demand as Indian produce is at a discount to its competitors in the international market. In the Kochi spot market, pepper prices rose 80 rupees to 31,396 rupees per 100 kg. Pepper January futures is expected to continue the positive trend on lower level buying.
  • Turmeric exports during April-November rose 62% to 58,000 tonnes. In Nizamabad, turmeric fell 52 rupees to 5,149 rupees per 100 kg. Turmeric April futures expected to open on flat to positive note on extended buying.
  • Chilli February prices are projected to open on lower note on extended selling pressure.
  • Cardamom futures are expected open on slightly positive note on short covering. Jeera futures hit the daily permissible upper limit of 4% due to a decline in the daily spot supplies and overseas inquiries. Spot prices at Unjha market gained around 219 rupees to 15,900 rupees per 100 kg. 
  • Cumin exports during April-November rose 27% to 26,500 tonnes.

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