Last Updated : June 21, 2010 11:40
RM Seed trades thin with positive bias
The mustard seed futures witnessed a very thin trading with positive bias on Saturday on short covering and taking cues firm soy market.
Fundamental factors such as lower supplies and depleting stock level added pos-itive strength to the market.
The active July contract mustard seed futures traded in the range of Rs.522.10-524.90 per 20 kg and settled at Rs.524.20 per 20 kg.
Outlook
The mustard seed futures are expected to trade on a positive note during the day on account of short covering and taking cues from firm soy market.
Lower supplies and depleting stock level is likely to support the prices. The spot price is maintaining its steady trend and quoting at Rs.510-512 per 20 kg.
The NCDEX designated warehouses are having 74,321 tonnes of mustard seeds as on 18th June 2010. The open interest in most ac-tive July contract fell by 0.93% to 113010 tonnes and volume fell by 47% to 22810 tonnes.
Courtesy: Angel Commodities
Exclusive and reserved reports now open to public
NCDEX GUARGUMJODHPURJUL12 20 July 2012
contract was trading at
Rs 0 . What's your view on it?
