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Our Bureau

Mumbai, Sept. 13 Chana future prices on NCDEX traded higherduring Thursday early session on account of low arrivals and improved demand from stockists. Forthcoming festival season has kept the chana market active, said a commodity trader.

Arrivals in the markets have begun and demand is expected to pick up as the festival seasons approaches, he added. Chana prices on NCDEX opened at Rs 2,252 per quintal on Thursday.

Jeera future prices were trading higher taking support from firm physical market. There was fresh buying at lower levels that supported the prices, said a commodity analyst. Festival demand and firm international demand keeping the prices supported as a result traders are not settling for lower prices, he added.

Jeera prices were ruling at Rs 10,390 per quintal during the opening trade on Thursday.

Sugar prices in the futures market declined on expected higher production from the two major producing countries of Brazil and India. Indian Sugar Organisation has predicted Indian output for FY08 at an all-time high of 33.15 million tonnes, up 8 per cent year-on-year.

Potato prices ruled higher in the futures market on good demand in the spot market and less arrival. There is shortage in the market of good quality potatoes, which is leading traders to pay more premiums to for good quality potatoes, said a trader.

On Wednesday, September 12th, turnover on MCX in the first session up to 5 pm was Rs 3939.37, up 15.6 per cent from turnover in the corresponding session of the previous day. Total number of trades was 73162.

MCX Comdex—the composite index of metals, energy and agri sub-indices—was up 0.19 per cent at 2186.32 points. MCX Metal Index lost 0.58 per cent at 2464.23 points, MCX Energy Index was up 1.19 per cent at 2350.06 points, while MCX Agri Index closed down 0.29 per cent at 1740.30 points.

More Stories on : Pulses | Commodity Exchanges

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