Tuesday 9 September 2014

Turmeric futures declined on fresh arrivals || Castor seed regains on short recovering


 Turmeric October futures on NCDEX declined nearly Rs. 140 per quintal on fresh arrivals in the spot market. October futures is currently trading near Rs. 6400 per quintal. We can expect a mix trend in today’s session. Prices may recover in the early trading session.

Castor Seed: Castor seed futures recovered from lower levels on short recovering. October futures on NCDEX up by Rs. 60 per quintal and closed higher at Rs. 4154 per quintal. Domestic demand may also increase this week and thus supports the prices. It may further recover up to Rs. 4220 per quintal. RM Seed declined from its higher levels and closed at Rs. 3595 per quintal. 

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