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Niger Seed Sept 08 Prices

(Indicative Commodity Prices in US$ PMT FOB port, India)

22nd Sep - 985-1025

The prices went down in the local market but with the sudden appreciation of rupee today further downward movement in dollar terms was halted.

16th Sep - US$ 1010-1050

With the new crop due nearby the prices of niger seed crashed in the local market. The depriciating rupee made it even more attractive for overseas buyers.

15th Sep - US$ 1090-1125

On the back of declining local market and weakening rupee the prices of niger declined on export front too.

8th Sep - 1150-1180

The niger was marginally down in local market but with rupee getting slightly stronger the effect on export prices nullified and it remained on the same level.

5th Sep - US$ 1150-1180

The niger seed slided further as markets opened after gap of two days in India with sluggish demand.

2nd Sept - US$ 1180-1210

The local prices dipped as well rupee depriciated hence the export prices for niger dropped.

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