NCDEX AGRI TIPS FOR TODAY

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. 

For Intraday Agri Tips, Register Free at FREE AGRI COMMODITY TIPS.

Free Agri Tips today-tomorrow

Due to slow progress of monsoons this year, the Indian turmeric futures high on Monday. India is the biggest producer and exporter of the yellow spice and is expected to 30% this season. Today at 8:41 am, the August contract rose up by 2.99% to Rs.5,450 per 100kg after hitting a contract high of Rs.5,478.

Jeera or cumin seed, hit a contract high of Rs.16,247.5. The August Jeera contract was up by 1.23% to Rs.16,035 per 100 kg. Jeera is planted during winter season, its planting is done during october and the monsoon's help in keeping the soil moist. At Unjha, a market in Gujarat, the Jeera prices rose to Rs.15,508 per 100kg.

The trading in pepper futures was weak as traders cashed out gains at higher levels. The August contract fell by 0.59% to Rs.43,050 per 100kg. It has risen more than 4% this month. According to analysts, their are less chances of prices falling beyond Rs.42,500, whereas there are chances that it may touch Rs.44,000 in short term.

For more MCX-NCDEX tips on Agri products, MCX Agri outlook, free mcx ncdex tips etc, fill the free trial form.