Agri Weekly Report By 28 April 2014

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Indore - Madhya Pradesh - India


INDORE, India - April 30, 2014 - PRLog -- NCDEX - WEEKLY NEWS LETTERS

Due to maintenance activity being carried out at the Exchange, services like NCDEX website, WebNCFE, WebExtranet, WebNCCL and ComTrack portal will not be available between 9:00 AM to 6:00 PM on the Saturdays 3rd May 2014.

B: The Exchange is pleased to announce that, as per the Bye-laws, Rules and Regulations of the Exchange and with the approval of the Forward Markets Commission, futures contracts in Guar Seed (Symbol: GUARSEED), Guar Seed (10 MT) (Symbol: GUARSEED10) and Guar Gum (Symbol: GUARGUM) expiring in the month of August 2014 would be available for trading from April 25, 2014 with existing contract specifications. Contracts for further expiries will be launched as per the enclosed contract launch calendar.

C:Higher Jeera arrivals put cap on prices stockists as well as farmers were releasing their stocks in the domestic market. At Unjha market in Mehsana. Jeera(Cumin Seed) Loose New started the day lower at Rs. 9725-9825 per quintal, lower by 1.26 per cent from previous trading session.

Current Rabi 2014-15 season in last year's 250 million tonnes of wheat procurement is likely to be less. Roller Flour Millers Federation of India at a function held here on Tuesday by the Food Secretary Sudhir Kumar said that wheat procurement target of 310 million tonnes is expected to be low. Central pool at 178.34 lakh tonnes of wheat stocks in April, which is more than the prescribed buffer,According to initial estimates, a record production of wheat is estimated at 956 million tonnes in the 2012-13 crop was 935.1 million tonnes. According to FCI, yet only 75.75 lakh tonnes of wheat at MSP purchases only.

D: NCDEX Future Contract are trading with high volume:

Soyabean - MAY. Contract

Refi. Soya - MAY Contract

Castorseed - MAY Contract

RM Seed - MAY Contract

Dhaniya - MAY Contract

Chana - MAY. Contract

Castorseed - MAY Contract

RM Seed - MAY Contract

Dhaniya - MAY Contract

Chana - MAY Contract

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