Saturday, January 12, 2008

Soya Futures Up On Global Cues

Mumbai: Pepper futures went up 2.94 per cent to Rs 14,520 per quintal after a correction in last two sessions. Rapeseed/mustard seed prices rose 1.83 per cent to Rs 488 per quintal on renewed buying interest.

Soyabean and soya oil futures closed higher 1.45 per cent and 1.31 per cent at Rs 2,056 per quintal and Rs 574 per 10 kg on strong cues from international market.

Gur prices declined 2.03 per cent to Rs 395 per 40 kg as more cane was diverted from sugar manufacturing to gur. Delay in crushing by sugar mills has prompted farmers to offload their canes for making gur.

Chilli prices tumbled by 0.76 per cent on the back of arrival pressure.

Barley prices traded on down 0.72 per cent at Rs 1,014 per quintal on long liquidation.

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On MCX, cardamom prices almost hit the upper circuit but closed with a gain of 3.92 per cent at Rs 689 per quintal due to buying interest by north Indian traders coupled with thin supply.

Both varities of potatos Tarkeshwar and Agra fell 2.75 per cent and 2.51 per cent at Rs 446 per quintal and Rs 544 per quintal on clear weather conditions in the northern states.

MCX recorded a turnover of Rs 6,327 crore up to 5 pm, while on NCDEX it was Rs 2,742 crore.

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