NCDEX NEWSLETTER

1. Wheat production is likely touch record level of 96.03 million tonne

Wheat production is likely touch record level of 96.03 million tonne this year(2013-14) despite considerable loss of crop in parts of Madhya Pradesh and Rajasthan. The main reason for higher production is attributed to higher area coverage and favorable whether condition to harvesting.

2. MP. Chana Traders Waiting Govt. Procurement decision

Madhya Pradesh Chief Minister wrote letter to the Prime Minister and a 21-member delegation of BJP MPs from Madhya Pradesh led by Leader of Opposition in Lok Sabha Sushma Swaraj to take procurement decision.

3. Castor seed prices in cash and futures markets continue to trade lower on weak and increasing arrival in major markets. Market participants expect prices to dip more in the weeks ahead.

4. Jeera Future declining in very wrost way on NCDEX due to heavy producion.The market sources suggested that the total domestic Jeera production is estimated at 55-60 lakh bags in the current year against the previous estimates of 45-48 lakh bags. This is mainly due to strong production estimates in Gujarat.

5. The following Future Contract are trading with high volume on NCDEX:

Soyabean - APR Contract

Refi. Soya - APR Contract

Castorseed - APR Contract

RM Seed - APR Contract

Dhaniya - APR Contract

Chana - APR Contract