Higher arrivals drag turmeric prices | Agri Commodity Price

Prices of turmeric have been under stress in the near-term as a consequence of higher arrivals in the terminal markets and lower exports. On the other hand, the fundamentals support a strong market based on reports that turmeric production in Tamil Nadu, Telengana and Andhra would be lower than last season. NCDEX Turmeric’s spot prices on Mond…

MCX NCDEX Calls : Refined Soya oil under short covering

The NCDEX Refined Soya Oil is under short covering Wednesday on weak U.S soya Oil futures. The market has witnessed drop in open interest by 2.9 percent settled at 30,130 while prices up 1.35 rupees. NCDEX Refined Soya settled up by 0.18 percent at 733.4 tracking stability in spot demand amid expectation of higher demand from China. Hope of incr…

Commodity News: Abolish CTT on agri-produce to protect farmers’ income

Confederation of Indian Industry (CII), the Industry body, on Monday said that Commodities Transaction Tax (CTT) on agricultural produce should be done away with for protecting farmers’ income. The CII said that after seeing an exponential growth since its beginning till 2011-12 fiscal, the commodities Futures market in the country has witn…

Centre approves floor price on pepper import at Rs 500 per kg

To care for domestic pepper growers against a surge in imports the government has approved a proposal from the Spices Board for imposing a Minimum Import Price (MIP) of Rs 500 per kg on the pepper. The central govt has approved the proposal of the state-run spices board since cheaper imports of pepper is seen putting stress on the domestic market.…