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As on: Feb 24, 2019 11:48 AM
Agri Commodities Review: Castor and Jeera Surge On Supply Concerns
07-Dec-18   17:44 Hrs IST

Bullish trend was seen in Indian agri market as most of the commodities settled in positive territory on the account of slow sowing progress of rabi crop coupled with receding supplies of kharif crop commodities in local mandies. The commodities such as jeera and castor have reported strong gains due to possible decline in total production in the current year. The NCDEX Jeera and Castor Benchmark contracts have added more than 1% gains in today's trading. Some buying was also reported in cereals market due to positive monthly report by FAO. The latest report of FAO has forecast global cereal production at 2 595 million tonnes, down marginally from November and 2.4% (62.5 million tonnes) below last year's record high. The NCDEX Wheat January futures closed in positive zone with marginal gains.

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