AGRI
COMMODITY MARKET OUTLOOK
Ref soyoil dropped
on expectation of higher supply in global market and on demand concerns in
domestic market.
Mentha oil prices dropped on profit booking amid
muted in the domestic spot market.
Soyabean prices dropped tracking weakness in spot
demand amid improving arrivals in the physical market.
Chana prices
dropped on profit booking amid government initiatives to check rising prices
and availability of pulses.
Turmeric prices
dropped on new crop supplies amid prospects of higher output.
Jeera prices gained
on expectation of rising domestic as well as export demand at the spot market.
AGRI COMMODITY TIPS |
NCDEX Market update:-
JEERA
PP- 17103
R1- 17397 S1-16927
R2- 17573 S2-16633
TURMERIC
PP- 6798
R1- 6850 S1-6730
R2- 6895 S2-6695
CORIANDER
PP- 7517
R1- 7554 S1-7484
R2- 7587 S2-7447
SOYBEAN
PP- 3015
R1- 3038 S1-3000
R2- 3053 S2-2977
MUSTERED OIL
PP- 4378
R1- 4403 S1-4348
R2- 4478 S2-4323
GAUR SEED
PP- 3226
R1- 3260 S1-3195
R2- 3310 S2-3160
Agri commodity market works major at local level. It has not much affect on global market. Being a analyst, I would say agri commodity is not so volatile but is good for low risk profits. --MCX TIPS Provider
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