Monday, June 15, 2015

NCDEX Agri Market has Dragged down in Hope of Good Monsoon Seasion

Amid drought has stormy monsoon moves. Monsoon has been active in most areas of the country. Amid fears of drought this year, 11 percent higher than normal rainfall this season has gone. Especially in the last 3 days, the monsoon is quite boomed after Maharashtra, Gujarat, Madhya Pradesh and Chhattisgarh has made its presence felt. In the last 24 hours in central India around 184 percent higher than normal rainfall. In case of India, Kerala, Karnataka, Tamil Nadu and Andhra Pradesh in South India including Maharashtra after activation is raining heavily in the past four days.In addition, parts of monsoon Gujarat, Madhya Pradesh, Chhattisgarh and West Bengal in the east has been fully activated. Indian Meteorological Department monsoon in Bihar and Jharkhand is favorable to proceed. The sowing of oilseeds over the past year has seen. Which have risen 25 per cent over last year.

Amid reports of monsoon, commodity markets continue to fall has increased. Soybeans declined strongly. Madhya Pradesh rain during sowing of soybeans is projected to grow.Prices have dropped nearly 3 per gram. Guar has to look at the 4 percent lower circuit. While also selling mustard dominates. Cumin and coriander spices in the sell-off has seen. Monsoon effect of moving the commodity markets is showing.


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