Thursday, February 16, 2012

NCDEX Outlook and Updates For Today: 16th Feb '12

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Today has been a sharp drop in the potato. NCDEX turnover down 2.7 per cent is close to the potatoes. Potatoes came up strongly in the last days of this month only about 10 per cent of the potato has come.

The minimum export price of onion by $ 25 reduction. According to a circular issued by DGFT from India at a price of $ 125 per tonne of onions can be exported. The minimum export price of onion was $ 150 per tonne.
Agri commodities and pepper Gwarseed is accelerating. However, the weak business is potatoes and coriander.

Pepper futures March contract likely to hold above 29,500 levels. The cheap Indian parity on the international parity may bring some exports to Indian exporters. Chilli futures may trade with a bearish bias under pressure with arrival of the commodity increasing rapidly. In the last one month, arrival of chilli has almost doubled in the Guntur market

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