Agro Outlook
D A I L Y B U Z Z
REFINED SOYA OIL
Amid sluggish domestic demand, refined soya oil prices declined by 0.81 per cent to Rs 565.35 per 10 kg in futures trade today as speculators trimmed positions.
Further, adequate stocks on increased supplies weighed on prices.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in October fell Rs 4.60, or 0.81 per cent to Rs 565.35 per 10 kg with an open interest of 1,11,555 lots.
Also, the oil for delivery in September traded lower by Rs 4.60, or 0.75 per cent to Rs 609.50 per 10 kg in 21,120 lots.
GUARGUM
Guargum prices dropped by Rs.280 to Rs.16,000 per quintal in futures trading today after speculators locked-in gains at higher levels.
At the National Commodity and Derivatives Exchange counter, guargum for delivery in far-month December contracts fell by Rs.280, or 1.72 per cent to Rs.16,000 per quintal, with an open interest of 16,020 lots.
Also, most-active delivery in October month slipped by Rs.250, or 1.53 per cent to Rs.16,110 per quintal, in an open interest of 16,110 lots.
