The Hindu Business Line : Soya futures gain on record crude price

Mumbai, June 27 While the international crude oil prices are on the boil, crude futures on MCX hit a record high of Rs 6,094 per barrel. MCX crude futures reflect the price movements in West Texas Intermediate (WTI) traded on New York Mercantile Exchange. Crude oil is trade during the second session of the exchange.

Soybean futures ended higher by 2.07 per cent at Rs 2,737 a quintal tracking the strong rally in crude oil prices.

Good export demand pushed up jeera futures by 1.43 per cent to Rs 12,208 a quintal. Jeera arrivals in the spot markets were also thin.

Turmeric up

Turmeric rose 1.06 per cent to Rs 4,466 a quintal on short covering after the recent fall. Rapeseed/mustard gained 1.22 per cent at Rs 655 for 20 kg on account of improved buying interest. Cocud was up 1.4 per cent at Rs 464 for 50 kg on firm demand for edible oils.

Pepper fell 1.94 per cent to Rs 13,900 a quintal on reports of rainfall in the growing areas. Guar seed slipped 0.83 per cent to Rs 1,791 a quintal due to panic selling after reports of the Government making quality certification mandatory for guargum exports to Europe.

In MCX, Cardamom fell 1.37 per cent to Rs 685 a kg following reports of active rainfall in Kerala. Rainfall at this time of the growing period will brighten the crop prospect.

MCX recorded a turnover of Rs 7196 crore up to 5 pm, while it was Rs 2,156 crore in NCDEX on Friday.

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