Epic Research Daily Agri Report 28 October 2016
Epic Research Daily Agri Report
india, 28 October 2016 -- Coriander futures traded higher on NCDEX as speculators enlarged
their holdings on the back of improved demand in the spot market.
Coriander futures traded higher on NCDEX as speculators enlarged their holdings on the back of improved demand in the spot market.
BUY CORIANDER NOV ABOVE 7540 TARGET 7585 7685 SL BELOW 7475
BUY GUARGUM5 NOV ABOVE 6310 TARGET 6360 6430 SL BELOW 6240
BUY TURMERIC NOV ABOVE 7280 TARGET 7324 7384 SL BELOW 7220
Coriander futures traded higher on NCDEX as speculators enlarged their holdings on the back of improved demand in the spot market. Further, limited arrivals from major producing belts also added support to coriander prices’ uptrend.
Soyabean futures edged up on NCDEX due to higher demand for the new season soybean crop. Meanwhile, the National Agriculture and Cooperative Marketing Federation will shortly commence procurement of soybean in 17 districts of Maharashtra as the Center had allowed market intervention for the oilseed late Tuesday.
Turmeric futures traded lower on NCDEX on expectation of higher production in coming season. Though, some losses were capped on good demand from the domestic and upcountry buyers at the spot market ahead of Diwali.
As per trade information, Jeera sowing current year will start after Diwali festival in Gujarat state. Current year prevailing conducive weather in Jeera producing regions is the main reason for timely sowing added the bearish sentiment.
The government is targeting to increase pulses production by around 50 per cent to 24 million tonne by 2020-21 through use of hybrid and high- yielding seed varieties, Agriculture Minister Radha Mohan Singh said today.
Representatives of over 120 organisations from 20 states will congregate at Jantar Mantar next week to demand a ban on commercial release of GM mustard. Leaders from various political parties, major farmer unions, trade unions, honey industry,
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Submitted by Epic Research, Epic Research Pvt.Ltd indore on Friday, 28 October 2016 at 12:18 PM
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