Guar gum prices declined by Rs 87 to Rs 7,248 per five quintal in futures trade.

Guar gum prices on Monday declined by Rs 87 to Rs 7,248 per five quintal in futures trade as traders offloaded their positions amid subdued demand.

Marketmen said trimming of positions by participants amid weak export demand dragged down guar gum prices here.

On the National Commodity and Derivatives Exchange, guar gum contracts for December delivery slipped by Rs 87, or 1.19 per cent, to Rs 7,248 per five quintal in 10,995 lots.

Guar gum contracts for January delivery eased by Rs 86, or 1.16 per cent, to Rs 7,354 per five quintal in 56,025 lots.

Guar seed
Guar seed prices on Monday fell by Rs 56 to Rs 3,994 per 10 quintal in futures trade as participants reduced their holdings in line with a weak market trend.

Marketmen attributed the downward trend in guar seed futures to weak demand in spot market amid increasing supplies from growing regions.

On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery fell by Rs 56, or 1.38 per cent, to Rs 3,994 per 10 quintal with an open interest of 48,300 lots.

Similarly, the contracts for January delivery shed Rs 46, or 1.12 per cent, to Rs 4,046 per 10 quintal with an open interest of 70,735 lots.

Cottonseed oil
Cottonseed oil cake prices on Monday fell by Rs 68 to Rs 2,032 per quintal in futures trade as participants reduced their bets amid a weak trend in spot market.

Market players said sell-off by participants at the existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices.

On the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in December fell by Rs 68, or 3.46 per cent, to Rs 2,032 per quintal with an open interest of 28,200 lots.

Cottonseed oil cake for delivery in January next year went down by Rs 67, or 3.37 per cent, to Rs 2,056 per quintal in 58,400 lots.

Coriander
Coriander prices on Monday gained 0.86 per cent to Rs 6,664 per quintal in futures market as participants built up fresh positions on firm spot demand.

Besides, tight stocks from restricted arrivals in major growing belts aided the rally in coriander futures.

On the National Commodity and Derivatives Exchange, coriander for December delivery rose by Rs 58, or 0.86 per cent, to Rs 6,664 per quintal with an open interest of 5,960 lots.

Soya oil
Refined soya oil prices on Monday rose 0.21 per cent to Rs 855 per 10 kg in futures trade as speculators created fresh positions.

On the National Commodity and Derivatives Exchange, refined soya oil contracts for December delivery went up by 0.21 per cent, to Rs 855 per 10 kg with an open interest of 16,970 lots.

Analysts said fresh positions built up by traders against restricted arrivals from growing regions mainly led to rise in refined soya oil prices.

Soybean
Soybean prices on Monday rose by Rs 32 to Rs 4,146 per quintal in futures market as traders created fresh positions supported by a strong spot demand.

On the National Commodity and Derivatives Exchange, soybean for delivery in December was up by Rs 32, or 0.78 per cent, to Rs 4,146 per quintal with an open interest of 38,300 lots.

Soybean for delivery in January rose by Rs 36, or 0.87 per cent, to Rs 4,148 per quintal having an open interest of 1,65,805 lots.

Market players said rasing of fresh positions by speculators on the back of higher demand mainly led to rise in soybean prices.

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