NCDEX Soybean-Soybean rises on firm global trend
NCDEX Soybean futures rose for the third straight day in the domestic market on firm global cues. The prices of soybean remained on the upside as the traders created fresh positions and limited arrival of stocks from the producing areas. At the NCDEX, Soybean future for June 2013 contract traded at Rs. 3919 , up by 0.09 per cent after opening at Rs. 3928 against the previous close of Rs. 3915.50. It touched the intra-day low of Rs. 3939 till the trading.
MCX Potato - Potato falls on low demand
MCX Potato prices fell for the second day on Today at the Multi Commodity Exchange (MCX) as a result of easy availability in the physical markets following fresh arrivals from producing regions in UP, Punjab, MP and West Bengal. Potato futures for June 2013 contract, at MCX, were trading at Rs 912 per 100 kg, down by 1.92 per cent after opening at Rs. 928 against the previous closing price of Rs. 929.90. It touched the intra-day low of Rs. 907 till the trading.Prices also fell as traders offloaded their positions due to low demand in the domestic markets in the midst of adequate stocks. The major potato markets in UP are Agra, Hathras, Kanpur, Meerut, Farrukkhabad; Jalandhar, Ludhiana, Phul and Patiala in Punjab; Ujjain, Indore and Dewas in MP and Hoogly, Burdwan and Howrah in West Bengal.
MCX Cardamom-Cardamom rises on high demand
MCX Cardamom Futures rose for the second day on Today at the Multi Commodity Exchange (MCX) as a result of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. At MCX, Cardamom futures for June 2013 contract were trading at Rs. 754.10 per kg, up by 1.36 per cent, after opening at Rs. 740.60 against the previous closing price of Rs. 744. It touched the intra-day high of Rs. 755 till the trading. Sentiment improved further on account of a firm demand in the market against restricted arrivals from producing belts of Chandausi in Uttar Pradesh. Kerala (70 per cent), Karnataka (20 per cent) and Tamil Nadu (10 per cent) are the cardamom growing states in India while about 90 per cent of the produce is consumed within the nation. The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Tamilnadu
NCDEX Jeera-Jeera ends lower due to demand declination
Jeera prices closed lower by 0.36 per cent on Yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for June 2013 contract closed at Rs. 13,077.5 per quintal, down by 0.36 per cent, after opening at Rs. 13,085 against the previous closing price of Rs. 13,125. It touched the intra-day low of Rs. 12,957.5. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.
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