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14th Nov 09 (Indicative
prices)
Wheat
Dec & Jan futures for wheat dropped down by nearly 2% this
week. The kharif crop in India this year has been damaged due to poor
rains so the country is expected to import this commodity and rice in
huge quantity.
Wheat futures (approx in US$ per ton) - Nov - 309, Dec - 302.85, Jan
- 302.8
Spot Market - Central India - US$ 284-305
Northern India - US$ 304-314 per ton
Chana - Chana contracts dropped down in Indian market due to good
carry over stocks and rains in its growing areas earlier than expected
due to which commodity will arrive earlier in the markets. The november
futures dropped by around 6.10% this week while other contracts decreased
by approx. 4-4.6%.
Chana Contracts (approx. in US$ / per 100kg) - Nov - 53, Dec - 55.8, Jan
- 58.2, Feb - 59.3, March - 60.2
Wholesale Price - US$ 52.50 per 100kg
Castor Seed -The castor seed contracts
moved this by nearly 2% this week.
Castor Seed Futures (approx. in US$/100kg) - Nov - 62, Dec 62.8, Jan
- 61.8
Spot Market - US$ 61.5 per 100kg
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