Thursday, 10 September 2020

Soybean and Coriander prices fall?

Due to weak spot demand, traders reduced the size of their deals, due to which the price of soybean fell by Rs 1 to Rs 3,795 per quintal on Thursday in futures trade. At the NCDEX, the soybean delivery contract fell by Rs 1 or 0.03 percent to Rs 3,795 per quintal in September, with a turnover of 9,960 lots

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Market sources said that the main reason for the fall in soybean prices in futures trading was by traders to reduce the size of their deals. However, the contract for delivery in the month of October for soybean rose by Rs 28, or 0.73 percent to Rs 3,850 per quintal with a turnover of 38,140 lots.


Refined soya oil futures up on rising demand

The price of refined soya oil rose by Rs 2 to Rs 876 per 10 kg in futures trading on Thursday due to speculators increasing the size of their deals. At NCDEX, refined soya oil prices for delivery in September rose by Rs 2, or 0.23 percent, to Rs 876 per 10 kg with a turnover of 10,495 lots.

Similarly, the contract for the delivery of refined soya oil rose by Rs 1.9, or 0.22 percent, to Rs 883.5 per 10 kg with a turnover of 25,735 lots. Market analysts said that refined soya oil prices rose in futures trade here mainly due to an increase in the size of their deals by traders.

Coriander fall due to weak demand

Bookmakers reduced the size of their deals amid weak demand in the spot market, causing coriander to fall by Rs 26 to Rs 6,674 per quintal in futures trade on Thursday. In NCDEX, coriander prices for delivery in September fell by Rs 26, or 0.39 percent, to Rs 6,674 per quintal with a turnover of 1,120 lots.

Market analysts said that coriander futures prices fell here mainly due to weak demand in the spot market. However, coriander delivery in October rose by Rs 14 or 0.21 percent to Rs 6,776 per quintal. In which it traded for 4,100 lots.

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