Thursday, 4 September 2014

TODAY CHANA & MENTHA OIL REPORT FOR 4/9/2014

Agro Outlook
D A I L Y B U Z Z
CHANA
Chana remained weak for the second day and prices fell further by 0.42 per cent to Rs 2,865 per quintal in futures trading today as speculators offloaded their positions amidst increased supplies from producing regions in the spot markets.
 

At the National Commodity and Derivative Exchange, chana prices for delivery in October were down by by Rs 12, or 0.42 per cent, to Rs 2,865 per quintal with an open interest of 1,12,190 lots.
 

Similarly, the commodity for delivery in September shed Rs 6, or 0.21 per cent, to Rs 2,806 per quintal in 84,290 lots.
 

MENTHA OIL
Mentha oil prices rose 0.27 per cent to Rs 678.60 per kg in futures trade today as speculators enlarged positions, supported by rising demand from consuming industries in the spot market.
 

Besides, restricted arrivals from Chandausi in Uttar Pradesh fuelled the uptrend.

At the Multi Commodity Exchange, mentha oil for delivery in September advanced by Rs 1.80, or 0.27 per cent, to Rs 678.60 per kg in a business turnover of 198 lots. In a similar fashion, the oil for delivery in October edged up by Rs 1.70, or 0.25 per cent, to Rs 689.80 per kg in 45 lots.

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