Tuesday, 17 July 2012


Agri Commodity Tips

July month has given the worse of monsoon effect NCDEX moves have increased the margins on soybeans and mustard. Cash margins on Commodity Exchange has increased from 5%, and for Mustard 5% cash margins have been increased from 16 per cent.

These Cash margins on soybean and mustard will be effective from Wednesday. Due to weak monsoon, oilseed prices are expected to grow. 

NCDEX Jeera prices was seen rising in domestic market, with high demand. The spot price for ncdex Jeera was quoted at Rs.14500 Per 100kg. Turmeric Futures also rises high and is expected to rise further due to delayed rains. The spot price have been set at Rs.5500 per 100 kg.

The NCDEX cardomom Prices are expected to maintain the current level. MCX Crude oil july contract has gone up by +52 Rs. Whereas the intraday crude oil has touched a low of 4822 levels. 

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