Agri Picks Report October 10, 2024: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

The National Commodity and Derivatives Exchange has dropped Ramgunjmandi in Rajasthan as an additional delivery centre for its coriander (symbol: DHANIYA) futures contracts from November, it said in a release. Kota in Rajasthan will continue as an additional delivery centre, and Gondal in Gujarat will continue to be the main delivery centre, the exchange said in a circular. This decision was taken on the basis of feedback received from market participants, it said. Additionally, NCDEX has decided to drop the INR 300 per 100 kg premium on delivery at Kota "to align the contract with the current market dynamics", NCDEX said in the circular. Currently, coriander futures contracts expiring in the months of October, November, December and January are available for trading and would continue to be traded as per the existing contract specification. The change will be applicable to coriander futures contracts for expiry from April 2025, with effect from Nov. 1, it said. Farmers in Karnataka have sown kharif crops over 8.15 million hectares as of Sept. 30, up 9.7% from 7.4 million hectares sown in the corresponding period last year, according to the final kharif acreage report released by the state's agricultural department. The current kharif acreage is nearly 8% higher than the normal kharif acreage, which is the average of the last five years, of 7.6 million hectares for the period.

For all commodities report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

10102024 - co