Agro-Outlook-Tips-Of-13.02.2015

Jeera prices closed higher by 1.47 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. 13,840 per quintal, up by 1.47 per cent, after opening at Rs. 13,690 against the previous closing price of Rs. 13,640. It touched the intra-day high of Rs. 14,240. Sentiment improved further as a result of reduced domestic supplies in the physical markets and some export enquiries. 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 prices fell by 1.47 percent on Thursday 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. 3,820 per quintal tonnes, down by 1.47 per cent, after opening at Rs. 3,856 against the previous closing price of Rs. 3,877. It touched the intra-day low of Rs. 3,791 till the trading.