Agro Outlook
CHANA
Chana prices closed lower by 0.05 per cent on Wednesday 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 May 2015 contract closed at Rs. 4,205 per quintal, down by 0.05 percent, after opening at Rs. 4,210 against the previous closing price of Rs. 4,207. It touched the intra-day low of Rs. 4,185.
Chana prices closed lower by 0.05 per cent on Wednesday 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 May 2015 contract closed at Rs. 4,205 per quintal, down by 0.05 percent, after opening at Rs. 4,210 against the previous closing price of Rs. 4,207. It touched the intra-day low of Rs. 4,185.
CASTOR SEED
Castor seed futures rose on the National Commodity & Derivatives Exchange Limited (NCDEX) as speculators enlarged their positions, tracking a firm trend at spot market on strong retailers and export demand. At the NCDEX, castor seed futures for May 2015 contract were trading at Rs. 3,733 per quintal tonnes, up by 0.13 percent, after opening at Rs. 3,729 against the previous closing price of Rs. 3,728. It touched the intra-day high of Rs. 3,744 till the trading. Besides, expectation of improving demands from paint and lubrication industries also supported the upside. Castor is a non-edible oilseed crop; basically a cash crop, with average 46 percent oil recovery.
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