DAILY AGRI REPORT 08/JAN/2014

DAILY BUZZ

Chana prices moved down by 0.82 per cent to Rs 3,017 per quintal in futures trading today as participants trimmed positions, triggered by increased supplies from producing regions against subdued demand.

At the National Commodity and Derivative Exchange, chana for delivery in January moved down by Rs 25, or 0.82 per cent, to Rs 3,017 per quintal with an open interest of 56,690 lots. Similarly, the commodity for delivery in February lost Rs 21, or 0.68 per cent, to Rs 3,078 per quintal in 66,030 lots.

Refined soya oil remained weak for the second day and prices shed 0.56 per cent to Rs 682.50 per 10 kg in futures market today as speculators reduced positions following sluggish demand in the spot market against adequate stocks position.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in January fell further by Rs 3.85, or 0.56 per cent, to Rs 682.50 per 10 kg with an open interest of 34,140 lots.

Similarly, the oil for delivery in February declined by Rs 3.75, or 0.55 per cent, to Rs 675.60 per 10 kg in 1,24,140 lots

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