Agri prices for jeera NCDEX is expected to continue the bearish trend on poor domestic demand. The bearish agri trend of jeera NCDEX is due to its active buying at spot market. NCDEX Pepper is projected to continue the uptrend on emergence of fresh buying at lower levels. Lower stocks available across the spot markets might also support the prices. The soy oil might resume the bearish trend as the higher supplies of the edible oils across the globe as per the USDA report is expected to have negative impact.
Chana at NCDEX spot market fell as speculators booked profits at high levels, driven by a sluggish spot demand, increased arrivals from producing belts also led to fall in Chana prices. Cardamom is projected to trade slightly positive. Agri Prices report for fresh buying at lower level is that the NCDEX market is likely to support the prices. NCDEX spot market report over outside agri market inquiries from Gulf is amid that upcoming festive season might support the prices and for Agri market it is expected that guarseed and gum to retain its downtrend.
Chana at NCDEX spot market fell as speculators booked profits at high levels, driven by a sluggish spot demand, increased arrivals from producing belts also led to fall in Chana prices. Cardamom is projected to trade slightly positive. Agri Prices report for fresh buying at lower level is that the NCDEX market is likely to support the prices. NCDEX spot market report over outside agri market inquiries from Gulf is amid that upcoming festive season might support the prices and for Agri market it is expected that guarseed and gum to retain its downtrend.
