Soyabean futures wilted almost Rs 50 per quintal in todays trading on the back of strong sowing progress of soyabean crop during the kharif season along with fresh supplies in major producing states.
Maize prices closed lower by 0.72 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by
Coriander prices closed higher by 1.99 per cent on Saturday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors enlarged their holdings tracking the surge in the demand for the commodity.
Sentiment weakened further as the investors booked profits at the higher on account of the weak physical markets and also due to the fall in the demand from beer and cattle-feed makers. Barley is a cereal grain derived from the annual grass Hordeum vulgare.
Global production of chilli stands at about 20.00 lakh MT to 25.00 lakh MT per annum. India is the largest producer and contributes about 10.00 lakh MT to 12 lakh MT annually followed by China, Nigeria, Peru, Bangladesh
It touched the intra-day high of Rs. 3,533. India is the largest consumer and second largest producer of sugar in World. Sugar is produced in 115 countries.
Selling is likely to continue in barley market on the account of strong production in the current year along with steady stockiest liquidation during the monsoon.
The rupee rose by 15 paise to 55.19 against the dollar in early trade today on the Interbank Foreign Exchange as the American unit weakened against euro and other currencies overseas.
Mustard Seed prices closed lower by 0.88 per cent on Tuesday at NCDEX as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal.
Hedge funds raised bullish commodity bets to the highest in 16 months before speculation that policy makers in the U.S., China and Europe will revive global growth pushed prices higher for a sixth week.