RESEARCHVIA ~ TODAY'S NCDEX TIPS 31/12/2013

Agro Outlook

D A I L Y

B U Z Z

Crude palm oil prices traded a shade higher at Rs 548.10 per 10 kg in futures market today as speculators indulged in creating fresh positions after pick up in demand in the spot market.

At the Multi Commodity Exchange, crude palm oil for delivery in January moved up by 90 paise, or 0.16 per cent, to Rs 548.10 per 10 kg in business turnover of 81 lots.

Similarly, the oil for delivery in December edged up by 40 paise, or 0.07 per cent, to Rs 541.30 per 10 kg in 61 lots.

Sugar futures traded a shade higher at Rs 2,808 per quintal speculators created fresh positions, triggered by a pick up in demand in spot markets. However, ample supplies from mills in the physical market restricted the gains.

At the National Commodity and Derivatives Exchange, sugar for delivery in January rose by Rs 5, or 0.18 per cent, to Rs 2,808 per quintal with an open interest of 24,360 lots.

Similarly, the sweetner for delivery in February traded higher by Rs 4, or 0.14 per cent, to Rs 2,793 per quintal in 17,100 lots.

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