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    Agri commodities: Coriander, guar seed, guar gum futures up on spot demand

    Synopsis

    Guar gum prices on Thursday rose by Rs 51 to Rs 7,643 per five quintal in futures trade.

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    Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against tight stocks position.
    New Delhi: Coriander prices on Thursday rose 1.87 per cent to Rs 6,760 per quintal in futures market as participants built up fresh positions amid rising spot demand.

    Besides, tight stocks on account of restricted arrivals from major growing regions strengthened coriander prices.

    On the National Commodity and Derivatives Exchange, coriander contracts for November edged higher by Rs 124, or 1.87 per cent, to Rs 6,760 per quintal with an open interest of 14,110 lots.

    Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against tight stocks position.

    Guar seed

    Guar seed futures on Thursday rose by Rs 23.5 to Rs 4,042 per 10 quintal as traders widened exposure on positive demand in spot market.

    According to marketmen, raising of bets by speculators tracking a firm trend in spot market on thin supplies from growing belts mainly led to rise in prices.

    On the National Commodity and Derivatives Exchange, guar seed delivery for November contracts strengthened by Rs 23.5, or 0.58 per cent, to Rs 4,042 per 10 quintal with a business turnover of 50,310 lots.

    The delivery for December edged up by similar margins to Rs 4,086 per 10 quintal in 44,400 lots.

    Guar gum

    Guar gum prices on Thursday rose by Rs 51 to Rs 7,643 per five quintal in futures trade amid strong export demand in physical markets.

    On the National Commodity and Derivatives Exchange, guar gum contracts for November delivery traded higher by Rs 51, or 0.67 per cent, at Rs 7,643 per five quintal in 24,150 lots.

    Guar gum contracts for December also rose by Rs 56, or 0.73 per cent, to Rs 7,752 per five quintal in 41,425 lots.

    Soybean

    Soybean prices on Thursday rose by Rs 15 to Rs 3,806 per quintal in futures trade on firm demand in spot market.

    On the National Commodity and Derivatives Exchange, soybean contracts for November traded higher by Rs 15, or 0.4 per cent, at Rs 3,806 per quintal in 64,890 lots.

    Soybean contracts for December delivery rose by Rs 19, or 0.5 per cent, to Rs 3,837 per quintal in 84,910 lots.

    Marketmen said fresh positions created by participants following a surge in domestic as well as export demand, pushed up soybean prices in futures trade here.

    Refined soya oil

    Refined soya oil prices on Thursday fell 0.11 per cent to Rs 770.2 per 10 kg in futures trade as speculators trimmed their bets amid adequate supply in spot market.

    On the National Commodity and Derivatives Exchange, refined soya oil contracts for November delivery declined by 85 paise, or 0.11 per cent, to Rs 770.2 per 10 kg with an open interest of 27,630 lots.

    Market analysts said cutting down of positions by participants against ample stocks mainly influenced prices.

    Mustard seed

    Mustard seed prices on Thursday rose by Rs 13 to Rs 4,318 per quintal in futures trade following raising of bets by participants amid tight supplies.

    Demand from oil mills in spot market mainly lifted mustard seed prices in futures trade, analysts said.

    On the National Commodity and Derivatives Exchange, mustard seed contracts for November rose by Rs 13, or 0.3 per cent, to Rs 4,318 per quintal in 36,590 lots.

    The delivery for December gained Rs 8, or 0.19 per cent, to Rs 4,290 per quintal in 21,490 lots.
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