Agro Outlook
CASTORSEED
Castor seed prices declined by Rs 98 to Rs 4,110 per quintal in the futures trading today following trimming of positions by traders amid weak cues from spot as well as overseas markets. At the National Commodity and Derivatives Exchange, castor seed prices for February fell by Rs 98, or 2.33 per cent, to Rs 4,110 per quintal in an open interest of 1,08,610 lots. Similarly, March contracts dipped by Rs 98, or 2.30 per cent, to Rs 4,156 per quintal in an open interest of 66,720 lots. Market men said besides subdued trend on low domestic and export demand, increased supplies in the spot markets put pressure on castor seed prices at futures trade.
CHANA
Chana prices gained 0.35 per cent to Rs 3,455 per quintal in futures trade today as speculators created fresh positions amid rising demand in spot markets. At the National Commodity and Derivatives Exchange, chana for delivery in April rose by Rs 12, or 0.35 per cent, to Rs 3,455 per quintal with an open interest of 54,930 lots. However, the commodity for delivery in February held steady at Rs 3,286 per quintal in 1,00,280 lots. Analysts said apart from pickup in demand in the spot market, tight stocks position on restricted supplies from producing belts led to the rise in chana prices at futures trade.
D A I L Y B U Z Z
Castor seed prices declined by Rs 98 to Rs 4,110 per quintal in the futures trading today following trimming of positions by traders amid weak cues from spot as well as overseas markets. At the National Commodity and Derivatives Exchange, castor seed prices for February fell by Rs 98, or 2.33 per cent, to Rs 4,110 per quintal in an open interest of 1,08,610 lots. Similarly, March contracts dipped by Rs 98, or 2.30 per cent, to Rs 4,156 per quintal in an open interest of 66,720 lots. Market men said besides subdued trend on low domestic and export demand, increased supplies in the spot markets put pressure on castor seed prices at futures trade.
CHANA
Chana prices gained 0.35 per cent to Rs 3,455 per quintal in futures trade today as speculators created fresh positions amid rising demand in spot markets. At the National Commodity and Derivatives Exchange, chana for delivery in April rose by Rs 12, or 0.35 per cent, to Rs 3,455 per quintal with an open interest of 54,930 lots. However, the commodity for delivery in February held steady at Rs 3,286 per quintal in 1,00,280 lots. Analysts said apart from pickup in demand in the spot market, tight stocks position on restricted supplies from producing belts led to the rise in chana prices at futures trade.
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