Agri-commodity: Mentha oil, mustard seeds, cardamom climb on strong demand
PTI|
Updated: Sep 27, 2017, 12.54 PM IST
Mentha oil prices inched up by 0.14 per cent to Rs 1,150.90 per kg in futures market today after participants raised bets amid uptick in demand from consuming industries at the spot market.
At the Multi Commodity Exchange, mentha oil for delivery in September edged higher by Rs 1.60, or 0.14 per cent to Rs 1,150.90 per kg in a business turnover of 120 lots.
Analysts said fresh position built up by traders following improved demand from consuming industries in the physical market against restricted arrivals from producing belts mainly helped mentha oil prices to trade higher at futures trade.
Mustard seed
Mustard seed prices firmed up by Rs 41 to Rs 3,771 per quintal in futures trading today after speculators accumulated huge positions in line with robust demand at the physical markets.
At the National Commodity and Derivative Exchange counter, mustard seed for the most-traded delivery in October month contract shot up by Rs 41 or 1.10 per cent to Rs 3,771 per quintal, with an open interest of 40,690 lots.
In a similar manner, the delivery for the November month contract was trading higher by Rs 44 or 1.15 per cent to Rs 3,856 per quintal, in an open interest of 22,260 lots.
Marketmen said a firming trend at the domestic spot markets on spurt in demand from oil mills,driven by ongoing festive season amid tight arrivals from producing belts, mainly attributed the rise in mustard seed prices in futures trade here.
Crude palm oil
Crude palm oil prices edged up by 0.09 per cent to Rs 548 per 10 kg in futures trading today as speculators built up fresh positions, driven by uptick in demand at the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in September traded higher by 50 paise, or 0.09 per cent to Rs 548 per 10 kg in a business turnover of 11 lots.
Analysts attributed the rise in crude palm oil futures to fresh position created by traders due to pick-up in demand in the physical market against restricted supplies from producing belts.
Cardamom
Cardamom prices went up by 0.74 per cent to Rs 1,120 per kg in futures trade today as speculators built up fresh positions amid pick-up in demand at the spot market.
At the Multi Commodity Exchange, cardamom for delivery in October moved up by Rs 8.20, or 0.74 per cent to Rs 1,120 per kg in a business turnover of 14 lots.
Similarly, the spice for delivery in November contracts traded higher by Rs 6.90, or 0.62 per cent to Rs 1,124 per kg in 10 lots.
Analysts attributed the rise in cardamom futures to fresh positions created by traders due to improved demand in the physical market against restricted supplies from producing belts, mainly influenced cardamom prices at futures trade.
At the Multi Commodity Exchange, mentha oil for delivery in September edged higher by Rs 1.60, or 0.14 per cent to Rs 1,150.90 per kg in a business turnover of 120 lots.
Analysts said fresh position built up by traders following improved demand from consuming industries in the physical market against restricted arrivals from producing belts mainly helped mentha oil prices to trade higher at futures trade.
Mustard seed
Mustard seed prices firmed up by Rs 41 to Rs 3,771 per quintal in futures trading today after speculators accumulated huge positions in line with robust demand at the physical markets.
At the National Commodity and Derivative Exchange counter, mustard seed for the most-traded delivery in October month contract shot up by Rs 41 or 1.10 per cent to Rs 3,771 per quintal, with an open interest of 40,690 lots.
In a similar manner, the delivery for the November month contract was trading higher by Rs 44 or 1.15 per cent to Rs 3,856 per quintal, in an open interest of 22,260 lots.
Marketmen said a firming trend at the domestic spot markets on spurt in demand from oil mills,driven by ongoing festive season amid tight arrivals from producing belts, mainly attributed the rise in mustard seed prices in futures trade here.
Crude palm oil
Crude palm oil prices edged up by 0.09 per cent to Rs 548 per 10 kg in futures trading today as speculators built up fresh positions, driven by uptick in demand at the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in September traded higher by 50 paise, or 0.09 per cent to Rs 548 per 10 kg in a business turnover of 11 lots.
Analysts attributed the rise in crude palm oil futures to fresh position created by traders due to pick-up in demand in the physical market against restricted supplies from producing belts.
Cardamom
Cardamom prices went up by 0.74 per cent to Rs 1,120 per kg in futures trade today as speculators built up fresh positions amid pick-up in demand at the spot market.
At the Multi Commodity Exchange, cardamom for delivery in October moved up by Rs 8.20, or 0.74 per cent to Rs 1,120 per kg in a business turnover of 14 lots.
Similarly, the spice for delivery in November contracts traded higher by Rs 6.90, or 0.62 per cent to Rs 1,124 per kg in 10 lots.
Analysts attributed the rise in cardamom futures to fresh positions created by traders due to improved demand in the physical market against restricted supplies from producing belts, mainly influenced cardamom prices at futures trade.
