11,992.50-53.3
Stock Analysis, IPO, Mutual Funds, Bonds & More

Agri Commodities: Cottonseed oil, soya oil, soybean fall in futures trade amid low demand

Cottonseed oil cake prices on Friday fell by Rs 4 to Rs 1,952 per quintal in futures trade.

PTI|
Last Updated: Jan 24, 2020, 03.16 PM IST
0Comments
Getty Images
agri
Guar seed prices on Friday edged lower by Rs 36 to Rs 4,044 per 10 quinta.
Cottonseed oil cake prices on Friday fell by Rs 4 to Rs 1,952 per quintal in futures trade as participants reduced their bets amid a weak trend at spot market.

Market players said sell-off by participants at the existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices.

On the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in February fell by Rs 4, or 0.20 per cent, to Rs 1,952 per quintal with an open interest of 79,030 lots.

Cottonseed oil cake for delivery in March went down by Rs 6, or 0.30 per cent, to Rs 1,978 per quintal in 26,740 lots.

Soya oil
Refined soya oil prices on Friday fell 20 paise to Rs 875 per 10 kg in futures trade as speculators reduced holdings amid subdued demand at spot market.

On the National Commodity and Derivatives Exchange, refined soya oil for delivery in February declined by 20 paise or 0.02 per cent, to Rs 875 per 10 kg in 54,335 lots.

The refined soya oil contracts for March dropped by Rs 1.4, or 0.16 per cent, to Rs 865 per 10 kg in 30,625 lots.

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

Soybean
Soybean prices on Friday fell by Rs 20 to Rs 4,122 per quintal in futures market as traders cut down their positions amid weak cues from physical markets.

On the National Commodity and Derivatives Exchange, soybean to be delivered in February contracts moved down by Rs 20, or 0.48 per cent, to Rs 4,122 per quintal with an open interest of 1,58,515 lots.

Soybean for delivery in March contracts also eased by Rs 26, or 0.63 per cent, to Rs 4,112 per quintal with an open interest of 1,15,735 lots.

The fall in soybean prices in futures trade was mostly due to reduction of exposure by participants, marketmen said.

Mustard
Mustard seed prices on Friday rose by Rs 23 to Rs 4,210 per quintal in futures trade as speculators raised their bets amid limited supplies.

Marketmen said apart from restricted arrivals from growing belts demand from oil mills in spot market mainly lifted mustard seed prices here.

On the National Commodity and Derivatives Exchange, mustard seed for delivery in February rose by Rs 23, or 0.55 per cent, to Rs 4,210 per quintal with an open interest of 12,410 lots.

Similarly, the delivery for April gained Rs 5, or 0.12 per cent, to Rs 4,270 per quintal with an open interest of 11,870 lots.

Guar seed
Guar seed prices on Friday edged lower by Rs 36 to Rs 4,044 per 10 quintal in futures trade as participants reduced their holdings in line with a weak market trend.

Marketmen attributed the downward trend in guar seed prices to increasing supplies from growing regions.

On the National Commodity and Derivatives Exchange, guar seed contracts for February delivery fell by Rs 36, or 0.88 per cent, to Rs 4,044 per 10 quintal with an open interest of 85,100 lots.

Similarly, guar seed contracts for March delivery shed Rs 36, or 0.87 per cent, to Rs 4,088 per 10 quintal with an open interest of 10,420 lots.

Coriander
Coriander prices on Friday climbed by Rs 21 to Rs 6,734 per quintal in futures trade on firm domestic demand and restricted supplies from producing belts.

On the National Commodity and Derivatives Exchange, coriander for April delivery shot up by Rs 21, or 0.31 per cent, to Rs 6,734 per quintal with an open interest of 9,660 lots.

A firm trend in spot market and restricted supplies from producing regions mainly pushed up coriander prices here, market analysts said.

Gur gum
Guar gum prices on Friday dropped by Rs 38 to Rs 7,242 per five quintal in futures market as traders offloaded their positions amid subdued demand.

Marketmen said trimming of positions by participants amid weak demand dragged down guar gum prices here.

On the National Commodity and Derivatives Exchange, guar gum contracts for February delivery slipped by Rs 38, or 0.52 per cent, to Rs 7,242 per five quintal in 48,610 lots.

Guar gum contracts for March delivery eased by Rs 36, or 0.49 per cent, to Rs 7,340 per five quintal in 18,265 lots.

Also Read

Agri Commodities: Cottonseed oil, guar seed, guar gum jump in futures trade amid high demand

Agri Commodities: Guar gum, cottonseed oil decline in futures amid weak demand

Agri Commodities: Coriander, cottonseed oil, guar seed rise in futures trade amid firm demand

Agri commodities: Guar gum, cottonseed oil, soy oil futures rise on strong demand

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service