Daily Buzz
CASTOR SEED
Castor seed prices fell by 2.99 percent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for January 2015 contract was trading at Rs. 4,931 per quintal tonnes, down by 2.99 per cent, after opening at Rs. 5,050 against the previous closing price of Rs. 5,083. It touched the intra-day low of Rs. 4,931 till the trading. Castor oil, extracted from castor seed is the largest vegetable oil exported out of India. India is the biggest exporter of castor oil holding about 70 percent share of the international trade in this commodity followed by China & Brazil.
Castor seed prices fell by 2.99 percent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for January 2015 contract was trading at Rs. 4,931 per quintal tonnes, down by 2.99 per cent, after opening at Rs. 5,050 against the previous closing price of Rs. 5,083. It touched the intra-day low of Rs. 4,931 till the trading. Castor oil, extracted from castor seed is the largest vegetable oil exported out of India. India is the biggest exporter of castor oil holding about 70 percent share of the international trade in this commodity followed by China & Brazil.
DHANIYA
Coriander prices fell by 1.71 percent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for January 2015 contract were trading at Rs. 12,080 per quintal, down by 1.71 percent, after opening at Rs. 12,245 against the previous closing price of Rs. 12,290. It touched the intra-day low of Rs. 12,065 till the trading.
Coriander prices fell by 1.71 percent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for January 2015 contract were trading at Rs. 12,080 per quintal, down by 1.71 percent, after opening at Rs. 12,245 against the previous closing price of Rs. 12,290. It touched the intra-day low of Rs. 12,065 till the trading.
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