The Hindu Business Line : Soya futures gain on bullish CBOT

Mumbai, Jan. 9 Futures trading in most agriculture commodities in the NCDEX ended on a positive note. Chana gained 2.28 per cent to Rs 2,200 per quintal on unconfirmed news that the Government may lift ban of exports. Traders showed interest in buying fresh arrivals in spot markets.

Guarseed

Slowdown in arrivals pushed guarseed futures 2.08 per cent to Rs 1,864 per quintal. “Arrivals in Jodhpur markets have fallen from a lakh bags in November-December to 20,000 bags in January. Exporters interest coupled with speculative buying pushed up prices,” said a trader.

Soya complex followed bullish CBOT markets. Soyabean and soya oil futures were up 1.54 per cent and 1.60 per cent to Rs 2,083 per quintal and 576 per 10 kg. RM Seed rose 1.71 per cent to Rs 487 per 20 kg on lower production estimate by the government.

Riding on positive price movements in other agriculture commodities maize futures moved up 2.07 per cent to Rs 839 per quintal.

Sugar up

Sugar futures witnessed some buying interest at lower levels. Sugar January and February contracts jumped 1.99 per cent and 1.38 per cent at Rs 1,437 per quintal and Rs 1,437 per quintal.

Cottonseed oil cake lost 0.81 per cent at Rs 428 per 50 kg.

Cardamom

On MCX, cardamom futures was close to hitting the upper circuit but closed with a gain of 3.67 per cent at Rs 663 per kg.

Potato for March delivery lost 0.58 per cent at Rs 565 per quintal.

MCX recorded a turnover of Rs 7,480 up to 5 pm, while it was Rs 3,086 in NCDEX.

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