AGRI REPORT BY CAPITAL STARS-9 Oct 2014

Commodity Tips
TURMERIC
Turmeric futures edged higher on NCDEX as speculators enlarged positions, taking positive cues from the spot market on rising exports demand. Further, lower level buying and demand from the north India also influenced the yellow spice prices.

SOYABEAN
Soyabean futures traded lower on NCDEX due to a sharp jump in imports of vegetable oils.However, hopes of higher demand due to festive season, capped some losses in soyabean prices to some extent.

CHANA
Chana futures traded lower on NCDEX on ample supplies form the major producing belt against slack demand in the physical market. However, expectations of drop in Chana production for 2014-15 by about 5.9 per cent to 9.3 million tones signaled a positive outlook for Chana prices which capped some losses in futures trade.

JEERA
Jeera futures traded up on NCDEX due to pick-up in demand from local parties as well as overseas enquiries. Besides, a firming trend in futures market also supported the uptrend in select spice prices.

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