Monday, December 21, 2015

Agri commodities update : 21 Dec | NCDEX Tips Today

Agri Commodities :

Trend was firm in almost all the Commodity Market on Friday except NCDEX CHANA. NCDEX Soybean was the leading gainer amid strong global cues and reports of fresh export queries emerging for domestic soymeal.

NCDEX Mustard seed also strengthened tracking gains in soybean and limited arrivals, against poor selling intentions. Castor seed moved up amid gains in soybean and steady export demand castor oil.

NCDEX Jeera markets shot up amid poor selling interest coming at lower levels at major mandis and technical strongly oversold situation in futures.

NCDEX Turmeric futures ended firm on news of a possible crop damage due to recent rains in Tamil Nadu. Cotton complex and sugar prices were firm in line with the bullish fundamentals.

NCDEX Guar complex also ended lower amid reducing selling intentions at lower levels and steady demand in bye products of guar.

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