Coriander prices on Friday climbed Rs 167 to Rs 6,616 per quintal in futures trade on strong domestic demand and restricted supplies from producing belts.
On the National Commodity and Derivatives Exchange, coriander for January delivery shot up by Rs 167, or 2.59 per cent, to Rs 6,616 per quintal with an open interest of 9,450 lots.
Similarly, the spice for April delivery traded higher by Rs 257, or 3.71 per cent, at Rs 7,185 per quintal in 6,320 lots.
A firm trend in spot market and restricted supplies from producing regions pushed up coriander prices here, market analysts said.
Cottonseed
Cottonseed oil cake prices on Friday jumped by Rs 17 to Rs 2,254 per quintal in futures trade due to accumulation of positions amid upbeat trend in spot market.
On the National Commodity and Derivatives Exchange, cottonseed oil cake contracts for January delivery rose by Rs 17, or 0.76 per cent, to Rs 2,254 per quintal in 65,330 lots.
Cottonseed oil cake contracts for February gained Rs 23, or 1.02 per cent, to Rs 2,275 per quintal in 41,140 lots.
Marketmen said raising of positions by participants amid rising demand from cattle-feed makers mainly influenced prices here.
Guar seed
Guar seed prices fell by Rs 8 to Rs 4,226 per 10 quintal in futures trade on Friday as participants reduced their holdings, in line with weak market trend.
Marketmen attributed the downward trend in guar seed futures to weak demand in spot market amid increasing supplies from growing regions.
On the National Commodity and Derivatives Exchange, guar seed contracts for January delivery fell by Rs 8, or 0.19 per cent, to Rs 4,226 per 10 quintal with an open interest of 76,720 lots.
Similarly, guar seed contracts for February delivery shed Rs 2, or 0.05 per cent, to Rs 4,272 per 10 quintal with an open interest of 29,600 lots.
Guar gum
Guar gum prices on Friday gained Rs 38 to Rs 7,745 per five quintal in futures trade as investors increased their holdings on spot demand.
Analysts said after tracking firm physical market trend, traders raised their bets which led to rise in guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum delivery for January contracts jumped up by 0.49 per cent, or Rs 38, to Rs 7,745 per five quintal with an open interest of 43,935 lots.
Likewise, the delivery of February contract surged by Rs 45, or 0.58 per cent, to Rs 7,848 per five quintal as open interest stood at 27,440 lots.
Mustard
Mustard seed prices on Friday dropped by Rs 9 to Rs 4,631 per quintal in futures trade as speculators cut down their positions on subdued demand.
On the National Commodity and Derivatives Exchange, mustard seed contracts for January delivery fell by Rs 9, or 0.19 per cent, to Rs 4,631 per quintal in a business turnover of 21,310 lots.
Mustard seed contracts for February delivery declined by Rs 19, or 0.41 per cent, to Rs 4,575 per quintal in a business turnover of 3,840 lots.
Marketmen said offloading of positions by participants following a weak trend in spot market led to fall in mustard seed prices.
Soybean
Soybean prices fell by Rs 20 to Rs 4,434 per quintal in futures market on Friday as traders cut down their positions amid weak cues from physical markets.
On the National Commodity and Derivatives Exchange, soybean contracts for January delivery moved down by Rs 20, or 0.45 per cent, to Rs 4,434 per quintal with an open interest of 1,27,800 lots.
Soybean prices fell in futures trade mostly due to reduction in exposure by participants, marketmen said.
Refined soya oil
Refined soya oil prices fell by Rs 4.6 to Rs 931.4 per 10 kg in futures trade on Friday as speculators reduced holdings amid subdued demand in spot market.
On the National Commodity and Derivatives Exchange, refined soya oil for January delivery declined by Rs 4.6, or 0.49 per cent, to Rs 931.4 per 10 kg in 42,230 lots.
Refined soya oil contracts for February dropped by Rs 4.2, or 0.45 per cent, to Rs 931 per 10 kg in 49,720 lots.
Market analysts said cutting down of positions by participants against ample stocks mainly influenced prices.
Source: Economic Times
