Agro Outlook
JEERA
Jeera costs shut higher by 3.96 percent on Friday at the NCDEX. At the NCDEX, jeera futures for December 2014 contract slam at Rs. 12,860 per quintal, up by 3.96 per cent, after opening at Rs. 12,420 against the previous closing price of Rs. 12,370. It touched the intra-day high of Rs. 12,860. Sentiment improved further as a result of reduced domestic supplies in the physical markets and some export enquiries. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.
CHANA
Chana prices closed lower-level by 0.89 per cent on Friday at the NCDEX as a result of the steady disperse progress of pulses along with high supplies in major producing states. At the NCDEX, chana futures for December 2014 contract closed at Rs. 2,992 per quintal, down by 0.89 per cent, after opening at Rs. 3,040 against the previous closing price of Rs. 3,019. It touched the intra-day low of Rs. 2,992. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India delivers around 6 to 8 million tons and helps around 70 percent of the aggregate world production.
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