Stock Market News: Mustard Seed prices closed lower by 1.23 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At NCDEX, Mustard Seed futures for May 2015 contract closed at Rs. 4,015/quintal, downward by 1.23 %, after opening at Rs. 4,035 against the previous closing price of Rs. 4,065. It touched the intra-day low of Rs. 4,010. Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity. EU-27 accounts to about 34 per cent of worlds RM seed production, others major producers are China (23 %), Canada (19 %), India (14 %), Australia (3 %), Ukraine (2 %). India produces 5.5 million MT to7 million MT annually.
Chana prices closed lower by 1.15 %on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At NCDEX, chana futures for May 2015 contract closed at Rs. 4,635 per quintal, down by 1.15 per cent, after opening at Rs. 4,681 against the previous closing price of Rs. 4,689. It touched the intra-day low of Rs. 4,625.
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