Cottonseed Oil Cake Drops On Contract Expiry

Mumbai: Cottonseed oil cake (cocud) futures on NCDEX fell 1.62 per cent to Rs 339 per 50 kg on expiry of November contract. “Prices at the Akola spot market was also weak due to lack of demand,” said a trader.

Taking a cue from weak global markets kapas futures also fell 0.94 per cent to Rs 451 per 20 kg. Arrivals also increased in Gujarat spot markets.

Sugar dips

Sugar futures dipped 1.01 per cent to Rs 1,273 per quintal on profit booking.

Soyabean futures declined 0.93 per cent to Rs 1,762 per quintal due to bearish trend in CBOT soy complex.

Barley prices edged up by 1.59 per cent to Rs 1,230 per quintal on the back of rising domestic and export demand especially from the beer and malt industries, and supported by supply crunch in the market.

On MCX, kapas khali futures fell 1.01 per cent to Rs 324 per 20 kg due to weak domestic spot markets. Prices fell sharply last 2-3 days in the international markets as well. Mentha oil tumbled 0.98 per cent to Rs 455 per kg as a result of lack of export and domestic demand.

MCX registered a turnover of Rs 5,461 crore up to 5 pm on Tuesday, while it was Rs 1,800 crore at the NCDEX.

MCX Comdex-the composite index of metals, energy and agri sub-indices-gained 0.41 per cent at 2347.44 points, MCX Metal Index 0.44 per cent at 2496.95 points while MCX Energy Index advanced by 0.74 per cent at 2805.96 points. MCX Agri- Index lost 0.80 per cent at 1600.86 points.

NCDEX FUTEXAGRI was down 0.40 per cent at 1447.14 and NCDEXAGRI closed lower 0.03 per cent at 1455.94.