20th January 2015 Agri Tips

CASTOR SEED

Castorseed prices fell by 2.54 percent on Monday 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. 4,575 per quintal tonnes, down by 2.54 per cent, after opening at Rs. 4,638 against the previous closing price of Rs. 4,694. It touched the intra-day low of Rs. 4,550 till the trading.

CHANA

Chana prices closed lower by 1.18 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX, chana futures for January 2015 contract closed at Rs. 3,431 per quintal, down by 1.18 percent, after opening at Rs. 3,445 against the previous closing price of Rs. 3,472. It touched the intra-day low of Rs. 3,409. India produces around 6 to 8 million tonnes and contributes around 70 percent of the total world production.