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Agri-Biz & Commodities - Oilseeds & Edible Oil
Oil complex tracks bullish global markets

Our Bureau

Mumbai, Dec 28 Tracking the firm international market, soyabean, soya oil and mustard seed futures on NCDEX displayed bullish sentiment on Friday.

Soyabean for May delivery tested fresh life time high of Rs 2,126 per quintal. The January contract closed with a gain of 2.28 per cent at Rs 2,042 per quintal. Mustard seed jumped 2.18 per cent to Rs 470 per 20 kg. Refined soya oil was up 1.23 per cent to Rs 558 per 10 kg.

Turmeric prices surged 2.19 per cent to Rs 2,846 per quintal on the back of fresh buying in anticipation of a decline in production from standing crop.

Chana gains

Chana moved up 1.5 per cent to Rs 2,169 per quintal on short covering and firm spot markets. Castorseed gained 1.12 per cent to Rs 434 per 20 kg.

Sugar for January delivery declined 0.45 per cent to Rs 1,337 per quintal due to lack of interest as the traders are waiting for release of January month free sale quota.

On MCX, mentha oil dipped 1.47 per cent on weak sentiment in the physical market. Lack of demand and ample stocks are pressurizing the prices.

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