Friday, April 4, 2014

DAILY MCX NCDEX COMMODITY REPORT 04 April 2014

Base Metals & Energy
D A I L Y B U Z Z
COPPER
Amid weak global cues and subdued domestic demand, copper prices fell by 0.26 per cent to Rs 403.65 per kg in futures trade today as speculators reduced positions. 
At the Multi Commodity Exchange, copper for delivery in April fell by Rs 1.05, or 0.26 per cent, to Rs 403.65 per kg in a business turnover of 891 lots. 
Similarly, the metal for delivery in June traded lower by Re 1, or 0.24 per cent, to Rs 408.30 per kg in 18 lots. 

Agro Outlook
D A I L Y B U Z Z
JEERA
Jeera prices gained 0.70 per cent to Rs 10,005 per quintal in futures trade today after speculators enlarged positions supported by rising spot demand. 

However, expectations of higher output capped the gains. At the National Commodity and Derivatives Exchange, jeera for delivery in April gained Rs 70, or 70 per cent, to Rs 10,005 per quintal with an open interest of 7,242 lots. Similarly, the spice for delivery in May moved up by Rs 60, or 0.60 per cent, to Rs 10,110 per quintal in 6,459 lots.

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