Coriander prices on Monday climbed Rs 23 to Rs 6,406 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 23, or 0.36 per cent, to Rs 6,406 per quintal with an open interest of 9,820 lots.
Similarly, the spice for April delivery traded higher by Rs 33, or 0.48 per cent, at Rs 6,840 per quintal in 5,000 lots.
A firm trend in spot market and restricted supplies from producing regions pushed up coriander prices here, market analysts said.
Soybean
Soybean prices on Monday rose by Rs 58 to Rs 4,396 per quintal in futures market as traders created fresh positions supported by a strong spot demand.
On the National Commodity and Derivatives Exchange, soybean for delivery in January was up by Rs 58, or 1.34 per cent, to Rs 4,396 per quintal with an open interest of 1,59,600 lots.
Soybean for delivery in February rose by Rs 64, or 1.47 per cent, to Rs 4,426 per quintal having an open interest of 1,34,120 lots.
Market players said raising of fresh positions by speculators on the back of higher demand mainly led to rise in soybean prices.
Soya oil
Refined soya oil prices on Monday rose 0.26 per cent to Rs 910.2 per 10 kg in futures trade as speculators raised their bets.
On the National Commodity and Derivatives Exchange, refined soya oil for January delivery moved up by Rs 2.4, or 0.26 per cent, to Rs 910.2 per 10 kg in 55,610 lots.
Similarly, refined soya oil contracts for February delivery edged up by Rs 5.4, or 0.60 per cent, to Rs 907 per 10 kg in 41,295 lots.
Analysts said widening of positions by traders helped refined soya oil prices to trade higher in futures market here.
Mustard
Mustard seed prices on Monday rose by Rs 40 to Rs 4,645 per quintal in futures trade as speculators raised their bets amid limited supplies.
Marketmen said apart from restricted arrivals from growing belts, demand from oil mills in spot market mainly lifted mustard seed prices here.
On the National Commodity and Derivatives Exchange, mustard seed for delivery in January rose by Rs 40, or 0.87 per cent, to Rs 4,645 per quintal with an open interest of 20,190 lots.
Similarly, the delivery for February gained Rs 28, or 0.61 per cent, to Rs 4,620 per quintal with an open interest of 2,260 lots.
Guar gum
Guar gum prices on Monday gained Rs 90 to Rs 7,666 per five quintal in futures trade as investors increased their holdings on spot demand.
Analysts said 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 1.19 per cent, or Rs 90, to Rs 7,666 per five quintal with an open interest of 56,395 lots.
Likewise, the delivery of February contract surged by Rs 95, or 1.24 per cent, to Rs 7,769 per five quintal as open interest stood at 13,105 lots.
Guar seed
Guar seed prices on Monday rose by Rs 52 to Rs 4,198 per 10 quintal in futures trade after participants widened their holdings driven by a firm trend in spot market.
On the National Commodity and Derivatives Exchange, guar seed for January contracts rose by Rs 52, or 1.25, to Rs 4,198 per 10 quintal with an open interest of 80,435 lots.
Similarly, guar seed for February delivery gained Rs 54, or 1.29 per cent, to Rs 4,244 per 10 quintal with an open interest lots of 19,085
According to marketmen, raising of bets by speculators tracking a firm trend in spot market on thin supplies from growing belts mainly led to rise in guar seed prices here.
Cottonseed oil
Cottonseed oil cake prices on Monday jumped by Rs 53 at Rs 2,221 per quintal in futures trade due to accumulation of positions amid upbeat trend at the spot market.
On the National Commodity and Derivatives Exchange, cottonseed oil cake contracts for January delivery rose by Rs 53, or 2.44 per cent, at Rs 2,221 per quintal in 65,950 lots.
Cottonseed oil cake contracts for February gained Rs 56, or 2.56 per cent, at Rs 2,244 per quintal in 35,770 lots.
Marketmen said raising of positions by participants amid rising demand from cattle-feed makers mainly influenced prices here.
Source: Economic Times
