Guar gum prices on Thursday rose by Rs 7 to Rs 7,340 per five quintal in futures trade as investors increased their holdings on spot demand.
Analysts said raising of bets by traders following a firm trend in physical market mainly led to rise in guar gum prices.
On the National Commodity and Derivatives Exchange, guar gum contracts for February delivery gained Rs 7, or 0.10 per cent, to Rs 7,340 per five quintal with an open interest of 52,225 lots.
Soybean
Soybean prices on Thursday rose by Rs 4 to Rs 4,146 per quintal in futures market as traders created fresh positions on strong spot demand.
On the National Commodity and Derivatives Exchange, soybean for February delivery rose by Rs 4, or 0.10 per cent, to Rs 4,146 per quintal with an open interest of 1,68,600 lots.
Soybean for March delivery rose by Rs 4, or 0.10 per cent, to Rs 4,152 per quintal with an open interest of 1,14,195 lots.
Market players said raising of fresh positions by speculators on the back of higher demand led to rise in soybean prices.
Soya oil
Refined soya oil prices on Thursday fell by Rs 3.8 to Rs 879 per 10 kg in futures trade as speculators reduced holdings amid subdued demand at spot market.
On the National Commodity and Derivatives Exchange, refined soya oil for February delivery declined by Rs 3.8, or 0.43 per cent, to Rs 879 per 10 kg in 54,150 lots.
Refined soya oil contracts for March delivery dropped by Rs 4.8, or 0.55 per cent, to Rs 872 per 10 kg in 28,935 lots.
Market analysts said cutting down of positions by participants against ample stocks mainly influenced refined soya oil prices.
Mustard seed
Mustard seed prices on Thursday dropped by Re 1 to Rs 4,210 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 February delivery fell by Re 1, or 0.02 per cent, to Rs 4,210 per quintal in a business turnover of 12,550 lots.
Marketmen said offloading of positions by participants following a weak trend in spot market mainly led to fall in mustard seed prices.
Guar seed
Guar seed prices on Thursday edged lower by Rs 6 to Rs 4,116 per 10 quintal in futures trade as participants reduced their holdings in line with a weak market trend.
Marketmen attributed the downward trend in guar seed prices to increasing supplies from growing regions.
On the National Commodity and Derivatives Exchange, guar seed contracts for January delivery fell by Rs 6, or 0.15 per cent, to Rs 4,116 per 10 quintal with an open interest of 88,430 lots.
Similarly, guar seed contracts for February delivery shed Rs 10, or 0.24 per cent, to Rs 4,158 per 10 quintal with an open interest of 8,225 lots.
Cottonseed oil
Cottonseed oil cake prices on Thursday fell by Rs 14 to Rs 2,008 per quintal in futures trade as participants reduced their bets amid a weak trend at spot market.
Market players said sell-off by participants at the existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices.
On the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in February fell by Rs 14, or 0.69 per cent, to Rs 2,008 per quintal with an open interest of 89,750 lots.
Cottonseed oil cake for delivery in March went down by Rs 12, or 0.59 per cent, to Rs 2,036 per quintal in 21,970 lots.
Coriander
Coriander prices on Thursday fell by Rs 99 to Rs 6,750 per quintal in futures trade as speculators reduced their positions amid sluggish demand at spot market.
On the Multi Commodity Exchange, coriander contracts for April slumped by Rs 99, or 1.45 per cent, to Rs 6,750 per quintal in 9,600 lots.
Similarly, coriander contracts for May delivery declined by Rs 100, or 1.45 per cent, to Rs 6,775 per quintal in 360 lots.
Market analysts said subdued demand in spot market mainly led to decline in coriander prices in futures trade.
Source: Economic Times
