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Our Bureau

Mumbai , Jan. 5

In the last two days, pepper futures on NCDEX have gained Rs 457 to Rs 11,170 a quintal even as no major export order has been firmed up. Despite higher production, soyabean and soyaoil futures saw some buying interest pushing up prices by 1.04 per cent to Rs 1,375 per quintal and 1.11 per cent to Rs 468 per quintal respectively.

"Fear of a fall in the output of groundnut and musterseed has attracted investors' interest in soya by-products. Sentiment will continue to remain bullish for sometime," said a trader.

Other commodities

Urad futures on NCDEX gained 3.02 per cent to Rs 2,762 per quintal on speculative buying. Depleting surplus of guar gum stocks in Pakistan has diverted international demand to India, pushing up guar seed futures by 2.50 per cent to Rs 2,009 per quintal. India exports about 1.5-2 lakh tonnes of guar gum produce annually.

Rubber futures on MCX plunged in line with international trends. It closed lower 5.07 per cent at Rs 9,765 per quintal while rubber on the Tokyo Commodity Exchange was down 7.5 per cent to 228.4 yen per kg.

Mentha oil on MCX was down 1.96 per cent to Rs 554.80 per kg while sugar for April delivery on NCDEX lost Rs 24 per quintal to Rs 1,566.

NCDEX registered a turnover of Rs 2,877 crore (Rs 3,031 crore) through 98,930 trades (1,01,780 trades) on Friday while that on MCX was Rs 4,099.59 crore (Rs 11,345.11 crore) through 70,595 trades (1,98,309 trades).

Active trades were witnessed in guar seeds, chana, pepper, refined soy oil, jeera, soya bean and mentha oil.

More Stories on : Spices & Condiments | Commodity Markets

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NCDEX includes new delivery centres for soyabean contracts

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