Tuesday, January 29, 2008

Soya Futures Decline On Profit Booking

Mumbai: Soybean futures on NCDEX fell 2.07 per cent to Rs 2,034 per quintal on profit booking coupled with weak international markets.

Maize prices fell 1.47 per cent to Rs 769 per quintal on lack of demand in the spot markets due to outbreak of bird flu. Spot price in Delhi fell from Rs 1,000 per quintal to R 850 levels last week.

Guarseed dropped 1.05 per cent to Rs 1,796 per quintal on higher inventories at NCDEX accredited warehouses. After trading firm in the morning session, chana futures fell 1.05 per cent to Rs 2,265 per quintal.

Turmeric firm

Cocud recovered by 0.48 per cent to Rs 418 per quintal on strong spot markets. Turmeric prices traded on firm note and edged up by0.42 per cent to Rs 2,895 per quintal on fresh buying interest.

• Quarterly results of corporates: Check out

On MCX, menth fell by 2.06 per cent to Rs 446 per kg on long liquidation. Cardamom shed 1.28 per cent at Rs 694 per kg on profit taking after the recent rally. Potato fell marginally profit taking after two week’s rally.

MCX recorded a turnover of Rs 4,621 crore up to 5 pm, while in NCDEX it was Rs 2,013 core.

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