NCDEX Tips for the WEEK as on April 7, 2014

CHANA

• Chana prices moved down by 1.03 per cent to Rs 3,185 per quintal in futures trade today on increased arrivals from producing regions against sluggish demand in the spot market.

• At the National Commodity and Derivative Exchange, chana for delivery in April moved down by Rs 33, or 1.03 per cent to Rs 3,185 per quintal with an open interest of 45,000 lots.

• Similarly, the commodity for delivery in May contract lost Rs 33, or 1.01 per cent to Rs 3,239 per quintal in 75,250 lots.

MENTHA OIL

• Amid strong domestic and export demand, mentha oil rose for the third-day by rising 0.43 per cent to Rs 879.10 per kg in futures trade today as speculators enlarged positions.

• At the Multi Commodity Exchange, mentha oil for delivery in May gained Rs 3.80, or 0.43 per cent to Rs 879.10 per kg in business turnover of 43 lots.

• Similarly, the oil for delivery in April traded higher by Rs 3.40, or 0.39 per cent to Rs 867.10 per kg in 349 lots.

• Analysts said the rise in mentha oil prices at futures trade was mostly attributed to strong domestic and export demand.

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