Commodity updates: Mustard seed prices closed higher by 0.95 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the commodity in the major markets. At the NCDEX, mustard seed futures for May 2015 contract closed at Rs. 3,822 per quintal, upward by 0.95 %, after opening at Rs. 3,798 against the last closing price of Rs. 3,786. It touched the intra-day maximum of Rs. 3,827. The commodity exchanges remained closed on May 1, 2015 on account of Maharashtra Day that is being observed in the financial capital Mumbai.
India produces 5.5 million MT to7 million MT annually and about 0.15 million MT is retained for scatter and direct consumption as seed which leaves about 4.8-5.1 million MT for squashing and extracting oil.
Jeera prices closed lower by 1.37 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export desired. At the NCDEX, jeera futures for May 2015 contract closed at Rs. 17,650 per quintal, down by 1.37 per cent, after opening at Rs. 17,895 against the last endimg price of Rs. 17,895. It touched the intra-day low of Rs. 17,180. The commodity exchanges remained ended on May 1, 2015 on account of Maharashtra Day that is being observed in the financial capital Mumbai.
Maize prices ended lower by 0.17 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak offtakes from the local buyers. At the NCDEX, maize futures for May 2015 contract closed at Rs. 1,194 per quintal, down by 0.17 per cent, after opening at Rs. 1,200 against the last ending price of Rs. 1,196. It touched the intra-day low of Rs. 1,166. The commodity exchanges remained closed on May 1, 2015 on account of Maharashtra Day that is being observed in the financial capital Mumbai.
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