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NCDEX Market Complete Updates

Written By Unknown on Wednesday, 24 April 2013 | 01:46

Soyabean futures exhibit a positive trade

Soyabean futures showed a positive trade on NCDEX. Improved demand in the domestic market as well as overseas enquiries along with fall in supplies from producing belts have supported the prices.
The contract for May delivery was trading at Rs 3925.50, up by 1.83% or Rs 70.50 from its previous closing of Rs 3855.00. The open interest of the contract stood at 100510 lots. 
The contract June delivery was trading at Rs 3794.00, up by 1.40% or Rs 52.50 from its previous closing of Rs 3741.50. The open interest of the contract stood at 83000 lots on NCDEX. 

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Jeera future trade higher on strong demand

Jeera futures traded up on improved demand in the domestic market as well as export demand. Decline in the supply for commodity from major producing areas mainly pushed up the prices. Meanwhile, as per some report the total daily arrivals of jeera have been reduced from 45,000 bags of last week to 30,000 bags due to restricted supplies by cultivators at lower levels.
The contract for May delivery was trading at Rs 13,195.00, up by 0.65% or Rs 85.00 from its previous closing of Rs 13,110.00. The open interest of the contract stood at 11,379 lots.
The contract for June delivery was trading at Rs 13,377.50, up by 0.66% or Rs 87.50 from its previous closing of Rs 13,290.00. The open interest of the contract stood at 7,449.00 lots on NCDEX.


 


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RM seed futures recover on a positive note

RM seed futures recovered on NCDEX as investors increased their holdings. Improved demand in the spot market mainly improved the prices. However, rising supplies from the new crop and expectations of a rise in output, limited the gain.
The contract for May delivery was trading at Rs 3,484.00, up by 0.49% or Rs 17.00 from its previous closing of Rs 3,467.00. The open interest of the contract stood at 85,610 lots.
The contract for June delivery was trading at Rs 3,536.00, up by 0.51% or Rs 18.00 from its previous closing of Rs 3,518.00. The open interest of the contract stood at 63,770 lots on NCDEX.

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