30.01.2015 Agro Outlook

Jeera prices closed higher by 0.44 percent 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 February 2015 contract closed at Rs. 14,840 per quintal, up by 0.44 percent, after opening at Rs. 14,550 against the previous closing price of Rs. 14,775. It touched the intra-day high of Rs. 15,175. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.

Mustard Seed prices closed lower by 1.71 percent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for April 2015 contract closed at Rs. 3,330 per quintal, down by 1.71 percent, after opening at Rs. 3,393 against the previous closing price of Rs. 3,388. It touched the intra-day low of Rs. 3,321.