8th January 2015 Agro Outlook News

JEERA
Jeera prices closed lower by 2.66 per cent on Tuesday 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 January 2015 contract closed at Rs. 15,025 per quintal, down by 2.66 per cent, after opening at Rs. 15,405 against the previous closing price of Rs. 15,435. It touched the intra-day low of Rs. 14,855. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.

CASTOR SEED
Castor seed prices rose by 0.08 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. 

At the NCDEX, castor seed futures for January 2015 contract were trading at Rs. 4,837 per quintal tonnes, up by 0.08 per cent, after opening at Rs. 4,844 against the previous closing price of Rs. 4,833. It touched the intra-day high of Rs. 4,871 till the trading.