Thursday, March 29, 2007

Chana Futures Increase

Mumbai: Anticipation of crop damage due to recent rains in the North pushed chana futures increase by 2.47 per cent to Rs 2,364 per quintal on March 28. Mustard seed futures gained 2.13 per cent to Rs 414 per 20 kg on lower production estimate of 60 lakh tonnes this year against 67 lakh tonnes last year. Turmeric futures increased by 1.84 per cent to Rs 2,319 per quintal as farmers and stockists hold back goods in anticipation of a price increase. Strong international markets boosted soy oil futures by 1.47 per cent to Rs 465 per 10 kg. On MCX, potato Tarkeshwar futures increased 2.74 per cent to Rs 591 per quintal. NCDEX recorded a turnover of Rs 3,486 crore up to 5 p.m. (Rs 3,627 crore at 11.30 p.m.) on 1,03,470 trades (1,12,460).

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