NCDEX Spud is down on revenue booking
Potato futures dealing dropped in NCDEX on revenue arranging by the investors due to demure need from the home marketplaces.
In NCDEX potato May agreement is dealing at Rs.980 per quintal, down by 164% on 15:15 IST against the past near. Start attention of the agreement is 7995 plenty and amount exchanged is 8820 plenty for the time being.
According to the preliminary reports of Nationwide Gardening Analysis and Progression Groundwork (NHRDF), Spud result in the period 2011-12, is approximated greater at 43.6 mn tn in comparison to 40 mn tn last season. However, marketplaces are anticipating further decrease in result due to overdue curse condition by 20%.
The result in UP and Western Bengal, the two greatest potato increasing declares is predicted to be reduced at 12.8 mn tn (13.6 mn tn in 2011) and 10-15% (13.3 mn tn in 2011) respectively.
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