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Our Bureau

Mumbai, May 21 RM Seed futures in NCDEX on Wednesday gained 2.35 per cent at Rs 626 per 20 kg as the arrival season nears an end.

Going by recent rally, there is a possibility that farmers may be holding back their produce in anticipation of further rise in prices, said an analyst.

Soyabean was up 1.71 per cent at Rs 2,377 per quintal on speculative buying. Pepper futures rose 1.42 per cent at Rs 15,327 per quintal. Cocud was up 1.06 per cent at Rs 450 per 50 kg as cotton and edible oils prices were marked up. Sugar regained by 1.06 per cent at Rs 1,432 a quintal on short covering after the recent fall.

Castorseed fell 1.39 per cent at Rs 530 a 20 kg on higher arrivals in spot markets. After hitting a high of Rs 3,796 per quintal, turmeric ended the day with a loss of 0.61 per cent at Rs 3,730 per quintal on account of profit taking.

In MCX, cardamom futures shed 0.68 per cent at Rs 658 a kg on profit booking.

MCX recorded a turnover of Rs 6,132 crore up to 5 pm, while it was Rs 2,129 crore in NCDEX on Wednesday.

More Stories on : Oilseeds & Edible Oil

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