RESEARCH VIA - TODAY'S NCDEX COMMODITY TIPS 26/sep/2013

Agro Outlook

D A I L Y

B U Z Z

Guargum prices fell by Rs 620 to Rs 16,820 per quintal in futures trade today on renewed selling by traders, fuelled by weak physical markets cues.

At the National Commodity and Derivatives Exchange, guargum prices for most active November contract declined by Rs 620, or 3.56 per cent, at Rs 16,820 per quintal, with an open interest of 2,536 lots.

December contract also added Rs 540, or 3.10 per cent, at Rs 16,870 per quintal, having an open interest of 162 lots. October month too remained under selling pressure and dipped by Rs 250, or 1.41 per cent, at Rs 17,460 per quintal, clocking an open interest of 999 lots.

Mentha oil prices fell by 0.83 per cent to Rs 877.10 per kg in futures trade today as speculators booked profits at prevailing higher levels amid a weak demand in the spot market.

Adequate stocks position in the physical market following increased arrivals from Chandousi in Uttar Pradesh also fuelled the downtrend in mentha oil prices. At the Multi Commodity

Exchange, mentha oil for delivery in October fell by Rs 7.40, or 0.83 per cent, to Rs 877.10 per kg, with a business turnover of Rs 123 lots. Similarly, the oil for delivery in September declined by Rs 7.10, or 0.81 per cent, to Rs 862.50 per kg in 153 lots.

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