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Mumbai, Dec. 4 Belying subdued response, the four commodities – chana, potato, soyoil and rubber – in which futures trading was re-launched, received good trading interest with potato on MCX closing the day with a gain of 11 per cent.

Futures trading in the four commodities was opened up after the ban for over six months.

Mr Veeresh Hiremath, research analyst, Karvy Comtrade, said, “we had not expected such a good response in the four commodities. Volumes were good right from the beginning and went up further as the day progressed.”

Potato for March delivery on MCX recorded a turnover of Rs 44 lakh through 32 contracts. It opened on the higher side at Rs 494 a quintal and touched a low of Rs 432 before closing at Rs 479 a quintal. Potato futures are expected to trade on the firm note with the lower production estimates.

Soy oil on NCDEX registered a total turnover of Rs 286 crore. Opening weak, soy oil closed lower by 3.08 per cent at Rs 446/10 kg. The chana turnover on NCDEX was Rs 36 crore. Trading volatile, chana hit a high of Rs 2,300 a quintal and touched a low of Rs 2,200 to close at Rs 2,212 a quintal. Rubber traded volatile through out the day on MCX with prices hitting a high of Rs 6,180 a quintal and closed at Rs 6,050.

More Stories on : Derivatives Markets | Commodities

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