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India's Oilseed Complex To Settle Higher On Positive Global Cues: April 23, 2012

ByCommodityOnline
Published 04/23/2012, 05:30 AM
Updated 05/14/2017, 06:45 AM

Soybean prices ended higher on last days trading session at Rs.3273 for May contract up by 1.07%. Likewise, positive movement was noticed on CBOT platform where May futures ended at 1415.75 levels up by 0.18%.

Soy oil prices have bounced back yesterday. May future soy oil prices ended at Rs. 763.3 registering a surge by 0.65 per cent while in CBOT May futures ruled higher at 55.69 levels up by 0.18%.

Mustard seed prices have moved up with active buying in the commodity. May futures were higher by 1.29% to Rs.3919. We are expecting some hike in prices in this commodity.

NCDEX Pepper Gains On Active Buying

Pepper May futures prices extended the positive trend on lower level buying during Saturday’s trading session. Futures started the day on a lower note taking corrections on profit booking. 

However, later on prices reversed the trend on and recovered from earlier losses giving slightly positive closing. 

NCDEX Turmeric Trades Up On Rising Spot Demand

Turmeric May futures prices resumed uptrend during Saturday’s trading session after taking small corrections. From opening of the session futures started trading up on back of emergence of stockiest demand. 

Sentiments on emergence of stockiest also remain firm. Thus, on cues from spot fundamentals, futures continued the positive trend and ended the day on a positive note.

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