At NCDEX, 488 members (2,118 Users) participated in trading on March 13, 2012 up to 5:00 pm and volumes were Rs 117,496 crore (one-way). There were more than 7,006 trades put through by them. Active trades were high in among others Soya Oil, Rape Mustard Seed, Chana, Soyabean and Pepper. On March 12, 2012, 491 [...]
Chilli futures rose on Friday on fresh buying by the traders due to limited stocks in the spot market. Demand from overseas buyers also increasing for the upcoming festive seasons. At NCDEX Chilli August contract is now trading at Rs.9158 per quintal, higher by 2.60% or Rs.232 against the previous close. The contract traded at high [...]
Do not fall prey to market rumors. Go through all Rules, Bye Laws, Regulations Circulars and directives issued by NCDEX. Do not trade on any product without knowing the risk and rewards associated with it. Study historical and seasonal price movements of the commodity that you wish to deal in the futures market. Do not [...]
AHMEDABAD: The government move to lift the fouryear-old ban on wheat export is unlikely to make a major impact on domestic prices as Indian prices are not at parity with global prices. Traders feel that the best parity in export of wheat will come for Rajkot traders where the prices are ruling at Rs 1,100 [...]
MUMBAI (Commodity Online): Jeera futures gained for the third consecutive trading session Lead by strong demand against the reduced arrivals. Arrivals in the domestic market have started to decline gradually due to ending season. As per market sources, the total production of jeera in the current season is likely to be around 21 lakh bags (1 [...]
Pepper futures for the June contract on NCDEX extended the decline with futures dropping by Rs 900 or around 3% per 100 kg to Rs 29401 in the afternoon trading session. The open interest dipped by 19.56% to 5208 tonnes and the volume traded as of now stood at 4,217 tonnes. Weak export demand, stable [...]
In an effort to boost trade volumes in non-agricultural commodities, the NCDEX has lowered transaction fee’s for members. The NCDEX said that the new fee’s will take effect May 6, 2011, members would have to pay a transaction charge of Rs 2 per Rs 1,00,000 of turnover if their average daily business is within Rs [...]
Fresh buying support has buoyed Maize futures today, making the commodity extend its gains after a smart up move in the last week. The NCDEX Maize Industrial futures prospered today. The Jun 11 contract trades at1270.5 Rs./Quintal, after hitting a high of 1273 Rs./Quintal. The contract edged up by Rs 35 or 2.83% during the [...]
On the NCDEX, major May contract agri commodities exhibited a mixed trend Tuesday. Pepper gained weight while turmeric dropped. Palm oil on MCX traded on a negative node. Pepper settled at Rs 29358/quintal due to a squeeze in local supplies and lower stocks. It touched a high of Rs.29492 and a low of Rs.28495. Unseasonal [...]
MUMBAI: India’s wheat futures were steady on Monday afternoon as pressure from a bumper crop and ample stocks outweighed hopes of exports to Asian markets after a drought forced Russia to temporarily halt shipments, analysts said. September wheat on the National Commodity and Derivatives Exchange (NCDEX) was trading at 1,257.20 rupees per 100 kg, down [...]
