Due to strong spot demand, traders bought new deals, which rose from Rs 47 per quintal to Rs 7,700 in Monday’s futures trading. In NCDX, the lease for delivery of soybean in May was Rs. Or 0.61 per cent, at Rs.7,700 per quintal for 8,800 lots.
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Similarly, the lease for soybean delivery rose by Rs 11 or 0.15 per cent in June to Rs 7,327 per quintal, with a turnover of 57,115 lots. Market sources said the new purchase of ula hoops was mainly driven by rising soybean prices amid rising market demands.
The future of refined soybean oil improves
In futures trading on Monday, refined soybean oil prices rose to Rs 1,496 per 10kg, as ula hoopoes have increased the size of their businesses amid rising demand. The refined soybean oil futures contract for delivery in May rose 10.2 or 0.69 per cent to 10 kg on the National Commodities and Products Exchange. The contract is for 13,170 lots.
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Market analysts said the gains were recorded as refined soybean oil traders increased their business volume in the future. The futures contract for refined soy oil, issued in June, is priced at Rs 5.8. Or an increase of 0.4 per cent to Rs 1,460 per 10 kg. The contract is for 36,305 lots.
The future price of cottonseed oil has also increased
The cost of cottonseed meal has been increased from Rs 22 per quintal to Rs 2,577. In NCDX, Binolatel has a deal for delivery in the empty month at Rs. Or 0.86 per cent, with a trading volume of 220 lots at Rs 2,577 per quintal. Marketers said the increased demand for livestock companies in the spot market, mainly due to the increase in the size of their trades, led to an increase in the future price of cotton. The deal to deliver Binaulatel Khali with a transaction of 1,07,590 lots is worth Rs 13 per quintal. Or 0.49 per cent to Rs 2,619.
The future of coriander will rise in price
Considering the strong trend in the spot market, ula hoaxes have increased the size of their businesses so that coriander prices have increased from Rs 76 to Rs 6,800 per quintal in Monday’s futures trading. At NCDX, the coriander distribution deal was Rs. Or 1.13 per cent, and traded 230 lots at Rs 6,800 per quintal. Market analysts said the corruption in the spot market has led to an increase in the future of coriander and the limited supply from the producing areas. In June, the coriander supply was Rs. Or 1.14 per cent to Rs 6,950 per quintal and traded 7,535 lots.
