Agri Commodities Review: Chana And Turmeric Surges On Stockiest Demand

Agri Commodities Review: Chana And Turmeric Surges On Stockiest Demand

Oct 22, 2019 06:10 IST capital market

Strong stockiest buying has infused renewed buying interest in chana and jeera market. Both the commodities such as chana and turmeric have witnessed strong buying, while weakness was seen in wheat market. On the other side, commodities like soyabean and castor seed also rebounded from its lows. In todays trading, the NCDEX chana November futures added 1.26 percent as traders are expecting some festival demand. Strong buying interest was also seen in turmeric counter in todays trading as most of the speculators are expecting recovery in exports in the current season. The NCDEX Turmeric futures added 1.99 percent from last close. The most of the traders are expecting that strong demand from gulf countries will recede domestic stocks in the coming days.

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