Edible Oil Flares Up On Global Sentiment

MUMBAI: In agri futures, edible oil was up on Monday tracking firm international market in palm oil and soya oil. NCDEX registered a turnover of Rs 2,007 crore with active trade in soyabean, soya oil, rape mustard seed and guar seed.

Soyabean closed higher at Rs 1,912 per quintal, recording a turnover of Rs 488 crore, soya oil prices were up at Rs 536 per 10 kg with a turnover of Rs 346 crore, while rape mustard seed rose to Rs 462.75 per 20 kg, registering a turnover of Rs 256 crore.

Guar seed prices fell to Rs 1,586 per quintal posting a turnover of Rs 205 crore, pepper closed down at Rs 12,689 per quintal with a turnover of Rs 149 crore, while jeera prices were up at Rs 9,562 per quintal with a turnover of Rs 77 crore.

Turmeric closed higher at Rs 2,442 per quintal, registering a turnover of Rs 87 crore and sugar prices edged down to Rs 1,273 per quintal with a turnover of Rs 88 crore.

Meanwhile, turnover on MCX at 5 pm stood Rs 4348.21 crore. Bullion turnover was Rs 2698.60 crore. Gold contracts, including gold mini, varied between a fall of Rs 85 and gained Rs 7 per 10 gm. Gold February traded down 0.5% at Rs 10,122 per 10 gm.

Silver contracts, including silver mini fluctuated lost between Rs 341 and Rs 152 per kg. Silver March contract shrank by 0.9% at Rs 18,351 per kg.

In the base metals, copper contracts turnover was Rs 346.50 crore. Copper contracts slid by Rs 1.60 and Rs 1.50 per kg. The February delivery contract was down by 0.6% at Rs 257.85 per kg.