Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
CHANA DHANIYA
D A I L Y B U Z Z
Crude palm oil prices traded a shade higher at Rs 548.10 per 10 kg in futures market today as speculators indulged in creating fresh positions after pick up in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in January moved up by 90 paise, or 0.16 per cent, to Rs 548.10 per 10 kg in business turnover of 81 lots.
Similarly, the oil for delivery in December edged up by 40 paise, or 0.07 per cent, to Rs 541.30 per 10 kg in 61 lots.
Sugar futures traded a shade higher at Rs 2,808 per quintal speculators created fresh positions, triggered by a pick up in demand in spot markets.
However, ample supplies from mills in the physical market restricted the gains.
At the National Commodity and Derivatives Exchange, sugar for delivery in January rose by Rs 5, or 0.18 per cent, to Rs 2,808 per quintal with an open interest of 24,360 lots.
Similarly, the sweetner for delivery in February traded higher by Rs 4, or 0.14 per cent, to Rs 2,793 per quintal in 17,100 lots.
Precious Metals
SILVER GOLD
D A I L Y B U Z Z
Gold prices moved down by 0.19 per cent to Rs 28,509 per 10 gram in futures trade today as participants offloaded positions partially, taking weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in February contracts declined by Rs 55, or 0.19 per cent, to Rs 28,509 per 10 gram in business turnover of 341 lots.
Likewise, the metal for delivery in April shed Rs 44, or 0.16 per cent, to Rs 27,898 per 10 gram in 23 lots.
Market analysts said a weak trend in the overseas markets as investor holdings extended declines to the lowest since 2009, mainly put pressure on the gold prices at futures trade here.
Globally, gold fell 0.3 per cent to USD 1,209.76 an ounce in early trade Singapore today.
