Monday, July 18, 2011

NCDEX Agri Commodity Market news for Today

Pepper futures are trading higher on improvement in domestic demand. Pepper futures may remain sideways facing resistance at 29,000 levels, owing to profit booking on every upside. Jeera futures may remain firm. Turmeric futures may remain downside due to increased arrivals and reports of higher sowing. Cardamom futures may remain sideways due to strong stock levels and anticipation of better crop in the next crop season. Guar Seed futures have surged on Monday, extending their previous gains, good export demand and low level of Monsoon activities. Chana futures may trade sideways on account of profit booking & sluggish demand prevailing at higher levels. Refined soy oil futures may remain sideways facing resistance at higher levels. Soybean futures may remain sideways as area under soybean is witnessing a rise.


The contract of Pepper for July delivery was trading at Rs 27,581.00, up by 0.29% or Rs 81.00 from its previous closing of Rs 27,500.00. The open interest of the contract stood at 3146 lots.

The contract of Pepper for August delivery was trading at Rs 28,330.00, up by 0.03% or Rs 9.00 from its previous closing of Rs 28,321.00. The open interest of the contract stood at 7640 lots on NCDEX.

The contract of Guar Seed for July delivery was trading at Rs 4098.00, up by 1.74% or Rs 80.00 from its previous closing of Rs 4028.00. The open interest of the contract stood at 19700 lots.

The contract of Guar Seed for August delivery was trading at Rs 4163.00, up by 1.71% or Rs 70.00 from its previous closing of Rs 4093.00. The open interest of the contract stood at 213000 lots on NCDEX.

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