According to a circular released by NCDEX, some changes have been made in the contract specifications in Oct’14 expiry futures and thereafter. Kindly refer the circular for further details.
Prices were on a bullish trend since February on demand from the bulk consumers coupled with lower output this season and forecast of below normal rains by the IMD.
The government, in its notification, has cut the subsidies on raw sugar export from Rs. Rs. 3300/tn to Rs. 2777/tn for the months of April and May ’14.
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