Tuesday, 25 February 2014

NCDEX Agri Tips for February 25, 2014

CHANA

  • Amid strong domestic demand, chana prices rose 0.63 per cent to Rs 3,013 per quintal in futures trade today as speculators enlarged position.
  • At the National Commodity and Derivative Exchange, chana for delivery in April rose by Rs 19, or 0.63 per cent to Rs 3,013 per quintal with an open interest of 84,260 lots.
  • In a similar fashion, the commodity for delivery in May traded higher by similar margin to Rs 3,057 per quintal in 28,230 lots.
  • Analysts attributed the firmness in chana futures to rising demand at spot market from dal millers against limited arrivals from producing regions.

REFINED SOYA OIL
  • Refined soya oil traded higher by 0.25 per cent to Rs 695.40 per 10 kg in futures trade today as speculators created positions amid pick-up in domestic demand due to the ongoing marriage season.
  • At the National Commodity and Derivatives Exchange, refined soya oil for delivery in May rose by Rs 1.70, or 0.25 per cent, to Rs 695.40 per 10 kg with an open interest of 52,580 lots.
  • Similarly, the oil for delivery in May edged up by Rs 1.55, or 0.22 per cent, to Rs 704.65 per 10 kg in 87,310 lots.

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