AGRI COMMODITY MARKET UPDATE -
* Menthaoil gains as prices are on attractive levels at this movement as prices fallen since the start of the year.
* Cotton gains as heavy rains in Telangana destroyed crops.
* Chana prices gained amid reports of crop damage due to heavy rains, which has also made the initial forecast of a bumper crop of pulses look increasingly uncertain.
* Turmeric prices dropped following improved supplies while demand remained sluggish keeping downward pressure on prices.
* Jeera prices gained on some lower level buying after pressure on update production of jeera may rise 29% to 535,500 tn
* Dhaniya prices gained due to decline in arrivals and improved demand in the market supported uptrend in prices during the review period.
* Soyabean prices dropped on profit booking after prices rallied in recent sessions there have been reports of lower yields of 5-10 percent
* Refsoyoil dropped on profit booking after prices gains after the SEA reported a recovery in the overall export of oilmeals
* Crude palm oil gains tracking rise in overseas prices as wet weather conditions and COVID-19 curbs fuelled concerns over supply.
* Mustard seed dropped as the government has set a target to achieve a record-high 7.5 mln ha area under the mustard crop in 2020-21
* Castor gains as support seen after acreage in Gujarat is reported at 6.07 Lakh hectares, down 15% from 7.18 Lakh hectares last year.