Friday, May 22, 2015

MCX COMMODITY TIPS AND UPDATES FOR 22 MAY 2015

MCX COMMODITY TIPS: Barley prices closed higher by 0.63 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of strong demand from beer and cattle-feed making industries against restricted supply in physical markets. At NCDEX, barley futures for June 2015 contract closed at Rs. 1,272.5 per quintal, up by 0.63 per cent, after opening at Rs. 1,265 against the previous closing price of Rs. 1,264.5. It touched the intra-day high of Rs. 1,278.


Chana prices closed lower by 0.23 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At NCDEX, chana futures for June 2015 contract closed at Rs. 4,694 per quintal, down by 0.23 per cent, after opening at Rs. 4,700 against the previous closing price of Rs. 4,705. It touched the intra-day low of Rs. 4,667.

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