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Agri Commodities: Soyabean, soya oil, guar gum futures up on spot demand

New Delhi: Soybean prices inched up by Rs 10 to Rs 3,684 per..

New Delhi: Soybean prices inched up by Rs 10 to Rs 3,684 per quintal in futures trade Monday supported by a strong spot demand.

Marketmen said, widening of portfolios by investors mainly gave push to soybean prices at futures trade.

On the National Commodity and Derivatives Exchange, soybean to be delivered in July contracts moved up by Rs 10, or 0.27 per cent, to Rs 3,684 per quintal with an open interest of 64,690 lots.

Refined soya oil

Refined soya oil prices increased by 0.32 per cent to Rs 748.2 per 10 kg in futures market Monday as speculators created fresh positions.

On the National Commodity and Derivatives Exchange, refined soya oil for delivery in July contracts went up by Rs 2.35, or 0.32 per cent, to Rs 748.2 per 10 kg with an open interest of 40,240 lots.

Similarly, the oil for delivery in August contracts was trading higher by Rs 3.76, or 0.51 per cent, to Rs 742.5 per 10 kg in 25,080 lots.

Analysts said fresh positions built up by traders against restricted arrivals from growing regions mainly led to the rise in refined soya oil prices at futures trade.

Guar gum

Guar gum prices rose by Rs 197 to Rs 8,515 per 5 quintal in futures trade Monday amid robust export demand at the physical markets.

At the National Commodity and Derivatives Exchange, guar gum for delivery in July contracts was up by Rs 197, or 2.37 per cent, to Rs 8,515 per 5 quintal showing an open interest of 27,615 lots.

The most-active delivery in August contracts, too, was up by Rs 199, or 2.35 per cent, to Rs 8,658 per 5 quintal mirroring an open interest of 66,935 lots.

Coriander

Coriander prices rose 1.35 per cent to Rs 6,977 per quintal in futures trade Monday as participants enlarged their positions, tracking a firm trend at the spot market.

On the National Commodity and Derivatives Exchange, coriander contracts for July delivery advanced by Rs 93, or 1.35 per cent, to Rs 6,977 per quintal with an open interest of 14,670 lots.

Similarly, coriander for August delivery traded higher by Rs 100, or 1.43 per cent, at Rs 7,070 per quintal in 18,420 lots.

Analysts attributed the rise in coriander prices to widening of positions by speculators, driven by a firm trend at the spot market on strong demand.

Mustard seed

Mustard seed prices rose 0.51 per cent to Rs 3,961 per quintal in futures trade Monday as participants widened their holdings, tracking a firm trend at the spot market.

On the National Commodity and Derivatives Exchange, mustard seed contracts for July rose by Rs 20, or 0.51 per cent, to Rs 3,961 per quintal with an open interest of 61,450 lots.

Mustard seed contracts for August delivery advanced by Rs 27, or 0.68 per cent, to Rs 3,986 per quintal in 42,950 lots.

Marketmen said strong demand from oil millers mainly pushed up the prices.

Guar seed

Guar seed prices rose by Rs 98.5 to Rs 4,282 per 10 quintal in futures trade Monday on widening of bets by participants, buoyed by a firming trend at the spot market.

Marketmen attributed the rise in Read More – Source
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