Free Agro Outlook Tips Of 05.03.2015

Agro Outlook :

Coriander prices rose by 0.87 percent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the NCDEX dhaniya futures for April 2015 contract was trading at Rs. 6,270 per quintal, up by 0.87 per cent after opening at Rs. 6,177 against the previous closing price of Rs. 6,216. It touched the intra-day high of Rs. 6,280 till the trading.

Jeera prices closed lower by 1.26 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 March 2015 contract closed at Rs. 14,890 per quintal, down by 1.26 per cent, after opening at Rs. 15,410 against the previous closing price of Rs. 15,080. It touched the intra-day low of Rs. 14,820. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.

Market Statistics

COMMODITY	CLOSING PRICE	TREND	SUPPORT Level 2	SUPPORT Level 1	RESISTANCE Level 1	RESISTANCE Level 2
JEERA	14485	DOWN	14168	14327	14772	15058