Agriwatch: Chana, cottonseed oil rise on upbeat demand

Chana prices shot up by 0.36 per cent to Rs 4,676 per quintal in futures trade Tuesday as speculators built up fresh positions, supported by uptick in demand from dal mills at spot markets.

At the National Commodity and Derivatives Exchange, chana for delivery in December was trading higher by Rs 17, or 0.36 per cent at Rs 4,676 per quintal with an open interest of 6,080 lots.

Chana to be delivered in January next year, too, was trading higher by Rs 20, or 0.43 per cent, at Rs 4,678 per quintal in 51,560 lots.


The rise in chana prices at futures trade was mostly attributed to speculative positions created by participants, triggered by a firm trend at the spot markets on the back of strong demand from dal mills, analysts said.

Castor seeds: Castor seed prices dipped by Rs 60 to Rs 5,480 per quintal in futures trade Tuesday after investors widened their bets amid firm trends.

At the National Commodity and Derivatives Exchange, castor seed for December was trading higher by Rs 60, or 1.08 per cent, to Rs 5,480 per quintal.

Castor seed for January next year, too, dipped by Rs 48, or 0.85 per cent, to Rs 5,572 per quintal, having an open interest of 3,200 lots.

Cottonseed oil: Cottonseed oil cake prices for December rose by Rs 21 to Rs 1,923 per quintal in the futures trade Tuesday after tracking a upbeat trend at the physical markets due to good demand.

At the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in January next year came down by Rs 16.5 or 0.86 per cent to Rs 1,930 per quintal, with an open interest of 3,760 lots.

The rates for the most-traded February was up by Rs 16 or 0.83 per cent to Rs 1,947 per quintal.