Agri-commodity:
Cardamom, chana fall; refined soya oil rises
Cardamom
prices dropped by 4 per cent to hit lower circuit at Rs 885.40 per kg in
futures trade today as speculators booked profits at prevailing levels amid
easing demand at the spot market.
At the
Multi Commodity Exchange, cardamom for delivery in November fell by Rs 36.80,
or 4 per cent to Rs 885.40 per kg in a business turnover of 18 lots
Similarly,
the spice for delivery in December contracts shed Rs 5.60, or 0.60 per cent to
Rs 922 per kg in 63 lots.
Analysts
said besides profit booking by participants at existing levels, fall in demand
in the physical market against adequate stocks position on higher supplies from
producing regions, mainly led to decline in cardamom prices at futures
trade.
Refined soya oil
Refined
soya oil prices rose further by 0.20 per cent to Rs 703.60 per 10 kg in futures
market today as participants engaged in enlarging positions, tracking a firm
trend at spot market on surging demand.
At the
National Commodity and Derivatives Exchange, refined soya oil for delivery in
December traded higher by Rs 1.40, or 0.20 per cent to Rs 703.60 per 10 kg with
an open interest of 38,260 lots.
Chana
Chana
prices drifted further down by 1.06 per cent to Rs 4,672 per quintal in futures
trading today after participants reduced positions, driven by muted demand in
the spot market against adequate stocks position.
At the
National Commodity and Derivatives Exchange, chana for delivery in December was
trading lower by Rs 50, or 1.06 per cent to Rs 4,672 per quintal with an open
interest of 29,030 lots
In a
similar fashion, the commodity for delivery in November declined by Rs 36, or
0.74 per cent to Rs 4,861 per quintal in 19,540 lots
Market
analysts said offloading of positions by traders owing to slackened demand in
the physical market against sufficient stocks position on increased supplies
from growing regions, mainly kept chana prices lower at futures trade.
If you want to more information regarding the Free Stock Cash Tips, Free Stock Cash Tips, Free Stock Future Tips call @ 9300421111 fill form http://www.tradtips.com
No comments:
Post a Comment