Castor Seed prices fell by 0.34 percent on Wednesday 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 February 2015 contract was trading at Rs. 4,123 per quintal tonnes, down by 0.34 percent, after opening at Rs. 4,118 against the previous closing price of Rs. 4,137. It touched the intra-day low of Rs. 4,115 till the trading.
Mustard Seed prices closed lower by 1.1 percent on Tuesday 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. 3,334 per quintal, down by 1.1 percent, after opening at Rs. 3,369 against the previous closing price of Rs. 3,371. It touched the intra-day low of Rs. 3,328. India produces 5.5 million MT to7 million MT annually.
No comments:
Post a Comment