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Agri Commodities: Soya oil, soybean, mustard seed futures fall on low demand

Soybean prices fell by Rs 7 to Rs 3,665 per quintal in futures trade on Friday.

PTI|
Aug 16, 2019, 02.58 PM IST
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Soybean contracts for the October delivery also dipped by Rs 18, or 0.51 per cent, to Rs 3,491 per quintal with an open interest of 22,690 lots.
New Delhi: Refined soya oil prices dipped 0.03 per cent to Rs 759 per 10 kg in futures trade Friday as speculators trimmed their bets on adequate supply at the spot market.

On the National Commodity and Derivatives Exchange, refined soya oil for August contracts declined by 25 paise, or 0.03 per cent, to Rs 759 per 10 kg with an open interest of 4,060 lots.

Likewise, the oil for most-traded September contracts fell by Rs 2.15, or 0.28 per cent, to Rs 757 per 10 kg in 38,820 lots.

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

Soybean

Soybean prices fell by Rs 7 to Rs 3,665 per quintal in futures trade on Friday amid subdued trend at the spot market.

On the National Commodity and Derivatives Exchange, soybean contracts for the most-traded September delivery fell by Rs 7, or 0.19 per cent, to Rs 3,665 per quintal with an open interest of 48,410 lots.

Soybean contracts for the October delivery also dipped by Rs 18, or 0.51 per cent, to Rs 3,491 per quintal with an open interest of 22,690 lots.

Mustard seed

Mustard seed prices fell 0.25 per cent to Rs 3,959 per quintal in futures trade on Friday as speculators trimmed their positions amid subdued cues from physical markets.

On the National Commodity and Derivatives Exchange, mustard seed contracts for most-traded September delivery declined by Rs 10, or 0.25 per cent, to Rs 3,959 per quintal with an open interest of 59,040 lots.

Mustard seed for October delivery was also trading down by same margin at Rs 4,000 per quintal with an open interest of 27,810 lots.

Marketmen attributed the weakness in mustard seed prices to participants cutting down positions amid weak trend at the spot market.

Coriander

Coriander traded 0.27 per cent higher at Rs 5,940 per quintal in futures market Friday as participants built positions amid rising spot demand.

Besides, tight stocks on account of restricted arrivals from major growing belts also weighed on coriander futures.

On the National Commodity and Derivatives Exchange, coriander for most-traded September delivery rose by Rs 28, or 0.27 per cent, to Rs 5,940 per quintal with an open interest of 29,890 lots.

Coriander delivery for October also traded higher by Rs 17, or 0.28 per cent, at Rs 6,055 per quintal with an open interest of 3,810 lots.

Market analysts attributed the rise in coriander futures to higher demand in physical market against tight stocks on fall in supplies from producing regions.

Guar gum

Guar gum prices rose by Rs 126 to Rs 8,550 per 5 quintal in futures trade on Friday amid upbeat export demand at the spot market.

On the National Commodity and Derivatives Exchange, guar gum for delivery in August traded higher by Rs 126, or 1.5 per cent, to Rs 8,550 per 5 quintal showing an open interest of 135 lots.

The delivery for most-traded September contracts was also up by Rs 65, or 0.76 per cent, to Rs 8,603 per 5 quintal mirroring an open interest of 60,330 lots.

Cottonseed oil cake

Cottonseed oil cake prices fell by Rs 2.5 to Rs 3,134.5 per quintal in futures trade on Friday tracking a muted trend at physical markets.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for September delivery fell by Rs 2.5, or 0.08 per cent, to Rs 3,134.5 per quintal with an open interest of 23,180 lots.

Cottonseed oil cake for December delivery were also down by 5 paise, or 0.02 per cent to Rs 2,140 per quintal in 29,600 business lots.

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Agri Commodities: Coriander, mustard seed, soybean futures slip on low demand

Agri Commodities: Soybean, mustard seed, coriander futures fall on muted demand

Agri Commodities: Soybean, soya oil, coriander futures rise on spot demand

Agri Commodities: Soybean, coriander, mustard seed futures fall on low demand

Agri Commodities: Soybean, soya oil, coriander futures rise on spot demand

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