DAILY AGRI REPORT-14 May 2014

 TURMERIC 
Turmeric futures edged higher on NCDEX as speculators enlarged positions on pick-up in export demand in the spot market. Further, buying by retailers and stockists amid paucity of stocks on restricted arrivals from producing belts also influenced the commodity price.

 
SOYABEAN 
Soyabean futures showed a mixed trend on NCDEX. The near term contracts rose on the expectations of rise in spot market demand, while June contracts declined due to ample stocks availability in the physical market on account of higher supply from the producing belts. 

CHANA 
Chana futures traded higher on NCDEX as speculators created fresh positions tracking rising demand in the spot market, though ample stocks availability in the physical market due to large supplies from the major producing belts capped some gains in chana prices. 

 
JEERA 
Jeera futures traded down on NCDEX due to a surge in the supply from the producing regions in the midst of a decline in the export demand. Further, speculators reduced holdings, tracking a weak trend at spot market due to sluggish demand in spot market leading to decline in jeera   prices at futures trade.

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