MCX & NCDEX Agri News

MCX Crude palm oil -MCX Crude palm oil Futures falls on reduced demand

The prices of MCX crude palm oil future declined due to sluggish demand in the spot market. According to the analysts, excessive stock positions also exerted downward pressure on the prices of the commodity. At the MCX, Crude Palm Oil future for May 2013 contract traded at Rs. 469.30 per 10 kg, down by 0.34 per cent after opening at Rs. 469.40 against the previous close of Rs. 470.90. It touched the intra-day low of Rs. 467.60 till the trading.

NCDEX Coriander- NCDEX Coriander rises on restricted arrivals & strong demand

NCDEX Coriander prices rose by 3.17 per cent on Today at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors enlarged their holdings tracking the surge in the demand for the commodity. At the NCDEX, coriander futures for June 2013 contract was trading at Rs. 6,761 per quintal, up by 3.17 per cent, after opening at Rs. 6,553 against the previous closing price of Rs. 6,553. It touched the intra-day high of Rs. 6,778 till the trading. (At 2.27 PM today). Sentiment improved further as a result of the limited stocks on account of restricted arrivals from the major growing belts. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian cuisine.


MCX Mentha -MCX Mentha oil extended its gain on industrial demand rises

MCX Mentha Oil prices extended gains,rising for the second day on Today at the Multi Commodity Exchange (MCX) as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh. At MCX, Mentha oil futures for May 2013 contract, at MCX, were trading at Rs. 1,000.80 per kg, up by 3.99 per cent after opening at Rs. 970 against the previous closing price of Rs. 962.40. It touched the intra-day high of Rs. 1,000.80 till the trading. (At 3.11 PM today). Sentiment improved further due to tight stocks position in the physical market due to restricted arrivals from producing belts. About 80 per cent of the crop in India comes from Uttar Pradesh (Rampur, Moradabad, Bareilly, Barabanki and Badaun) and the balance 20 per cent from Punjab, Himachal Pradesh and Haryana.