Agri commodity prices fall on weak demand
DSIJ Intelligence / 28 Jul 2017
Crude palm oil prices slipped by 0.77% to Rs 487 per 10 kg in futures trading market on Friday, easing demand in the spot market against adequate stocks position.
Crude palm oil prices slipped by 0.77% to Rs 487 per 10 kg in futures trading market on Friday, easing demand in the spot market against adequate stocks position.
At MCX, crude palm oil for delivery in August fell by Rs 3.80, or 0.77%, to Rs 487 per 10 kg in a business turnover of 266 lots. Similarly, the oil for delivery in July was trading lower by Rs 1.90, or 0.39%, to Rs 489 per 10 kg in 81 lots.
Mentha oil prices traded higher by 0.22% to Rs 1,070.50 per kg in futures market on Friday as market participants raised holdings amid surging domestic demand at spot market and restricted arrivals from producing regions.
At the Multi Commodity Exchange, mentha oil for delivery in August rose by Rs 2.40, or 0.22%, to Rs 1,070.50 per kg in a business turnover of 504 lots. Likewise, the oil for delivery in July inched up by Rs 1.20, or 0.11 %, to Rs 1,059.50 per kg in 22 lots.
Refined soya oil prices slipped by 0.53% to Rs 643.20 per 10 kg in futures trading on Friday as participants cut down positions, taking weak cues from spot market on sluggish demand. At NCDEX, refined soya oil for delivery in August fell by Rs 3.40, or 0.53%, to Rs 643.20 per 10 kg in a business turnover of 29,410 lots. Similarly, the oil for delivery in September also enquired lower by Rs 2.85, or 0.44%, to Rs 650 per 10 kg in 5,790 lots.
Chana prices fell by Rs 32 to Rs 4,811 per quintal in futures trade today due to subdued demand in the spot market. At NCDEX, chana for delivery in September declined by Rs 32, or 0.66%, to Rs 4,811 per quintal with an open interest of 17,220 lots.
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