Agro Outlook
Mentha oil prices rose by 0.81 per cent on Monday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. Sentiment improved further as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh. At MCX, Mentha oil futures for November 2014 contract, at MCX, were trading at Rs. 693.00 per kg, up by 0.81 per cent after opening at Rs. 690.70 against the previous closing price of Rs. 687.40. It touched the intra-day high of Rs. 694.90 till the trading. (At 2.38 PM today).
CASTOR SEED
Castorseed prices fell by 2.51 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. Castor oil, extracted from castor seed is the largest vegetable oil exported out of India. India is the biggest exporter of castor oil holding about 70 per cent share of the international trade in this commodity followed by China & Brazil. At the NCDEX, castor seed futures for November 2014 contract was trading at Rs. 4,739 per quintal tonnes, down by 2.51 per cent, after opening at Rs. 4,837 against the previous closing price of Rs. 4,861. It touched the intra-day low of Rs. 4,718 till the trading. (At 04.17 PM today)
D A I L Y B U Z Z
MENTHA OILMentha oil prices rose by 0.81 per cent on Monday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. Sentiment improved further as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh. At MCX, Mentha oil futures for November 2014 contract, at MCX, were trading at Rs. 693.00 per kg, up by 0.81 per cent after opening at Rs. 690.70 against the previous closing price of Rs. 687.40. It touched the intra-day high of Rs. 694.90 till the trading. (At 2.38 PM today).
CASTOR SEED
Castorseed prices fell by 2.51 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. Castor oil, extracted from castor seed is the largest vegetable oil exported out of India. India is the biggest exporter of castor oil holding about 70 per cent share of the international trade in this commodity followed by China & Brazil. At the NCDEX, castor seed futures for November 2014 contract was trading at Rs. 4,739 per quintal tonnes, down by 2.51 per cent, after opening at Rs. 4,837 against the previous closing price of Rs. 4,861. It touched the intra-day low of Rs. 4,718 till the trading. (At 04.17 PM today)
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