June 06, 2011

NCDEX Spot Market Daily On Chana prices, Turmeric prices, Guarseed prices 06 June

Agri market report for chana is of falling and Jeera also falls at NCDEX Spot market due to weak exports. Commodity NCDEX spot market report for Pepper is also of falling on profit booking and for Soy oil, soybean extend gains on world market. The report for Guarseed is of down at NCDEX index on profit booking. 
The Commodity NCDEX spot price report for Turmeric prices in the intra day is of trading sideways due to lackluster demand from stockists. Demand from north India is also poor that is why traders are not interested in bulk buying. Trade of cheap imported pepper along with panic selling due to introduction of special margin might add to the down side. Hoarding of Pepper by the Vietnam farmers will also help prices to remain firm. 
The Chana across the NCDEX spot market has a good demand at the market because of upcoming festive season which going to support the prices. The near term demand for the edible oil and the soy bean for sowing purposes may lend support to the oil prices. Lack of buying interest at spot market might weigh on Cardamom prices.
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