NEW DELHI, Feb 7: The wholesale jaggery market ended on a flat note today as prices moved in a tight range on lack of worthwhile buying activity against adequate supplies and settled at last levels.
Marketmen said adequate stocks availability in the market against lack of worthwhile buying activity from stockists and local parties mainly kept gur prices unaltered.
The following are today’s quotations per quintal:
Gur chakku 2,750-2,850, pedi 2,850-2,900, dhayya 3,000-3,100 and shakkar 3,100-3,200.
Muzaffarnagar: Rasket 2,300-2,350, chakku 2,450-2,850, khurpa 2,500-2,550 and Ladoo 2,625-2,700.
Muradnagar: Pedi 2,500-2,570 and dhayya 2,550-2,600. (AGENCIES)
Gur ends flat in thin trade
Mentha oil futures remain up on pick-up in demand
NEW DELHI, Feb 7: Mentha oil prices rose 3.20 per cent to Rs 815.30 per kg in futures trade today as speculators enlarged positions, tracking a firm trend at the spot market on pick up in demand from consuming industries.
Tight stocks availability in the physical market following restricted arrivals from Chandausi in Uttar Pradesh also supported the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in March rose Rs 3.20, or 0.39 per cent, to Rs 815.30 per kg in a business turnover of 26 lots.
Similarly, the oil for delivery in February gained Rs 2.80, or 0.35 per cent, to Rs 804.50 per kg in 80 lots.
Analysts said speculators enlarged their positions on a firm trend at spot market on pick up in demand from consuming industries which mainly kept mentha oil prices remain higher for the second day at futures trade. (AGENCIES)
Cardamom snaps four-day rising streak on profit-booking
NEW DELHI, Feb 7: Snapping its four-day rising streak, cardamom prices dipped 2.11 per cent to Rs 710 per kg in futures trading today as speculators booked profits at prevailing higher levels on fall in spot market demand against adequate stocks position.
At the Multi Commodity Exchange, cardamom for delivery in February plunged Rs 15.30, or 2.11 per cent, to Rs 710 per kg in a business turnover of 421 lots.
However, spice for delivery in March held steady at Rs 802.70 per kg in 744 lots.
Market analysts said speculators booking profits at prevailing higher levels and fall in demand in the spot market kept pressure on cardamom prices at futures trade. (AGENCIES)
Crude palm oil futures extend gains on increased demand
NEW DELHI, Feb 7: Crude palm oil extended gains for the fourth-straight day by gaining 0.29 per cent to Rs 545.70 per 10 kg in futures market today due to increased demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in February added Rs 1.60, or 0.29 per cent, to Rs 545.70 per 10 kg in a business turnover of 180 lots.
Likewise, oil for delivery in March traded higher by Rs 1.10, or 0.20 per cent, to Rs 547.40 per 10 kg in 87 lots.
Analysts said speculation enlarged their positions due to increased demand in the spot market which led an upward movement in crude palm oil for the fourth day at futures trade. (AGENCIES)
Potato futures decline on higher supply, low demand
NEW DELHI, Feb 7: Potato prices declined by 1.01 per cent to Rs 1,164 per quintal in futures trading today as speculators offloaded their positions due to low demand in the spot market against higher supplies from producing regions.
At the Multi Commodity Exchange, potato for delivery in April declined by Rs 11.90, or 1.01 per cent, to Rs 1,164 per quintal in a business turnover of 299 lots.
Potato for delivery in March also traded lower by Rs 2.10, or 0.19 per cent, to Rs 1,118.80 per quintal in 365 lots.
Market analysts said speculators offloaded their positions due to low demand in the spot market against higher supplies from producing regions that kept pressure on potato prices at futures trade. (AGENCIES)
Sugar rules firm on increased demand
NEW DELHI, Feb 7: Sugar prices firmed up at the wholesale sugar market in the national capital today on increased demand from retailers as well as bulk consumers.
Sugar ready M-30 and S-30 edged up to Rs 2,920-3,180 and Rs 2,910-3,170 from previous level of Rs 2,920-3,170 and Rs 2,910-3,160 per quintal, respectively.
Mill delivery M-30 and S-30 followed suit and traded higher at Rs 2,740-3,040 and Rs 2,730-3,030 against last close of Rs 2,740-3,030 and Rs 2,730-3,020 per quintal, respectively.
In the millgate section, Kinnoni, Asmoli and Dorala were also enquired higher by Rs 10 each to Rs 3,040, Rs 3,010 and Rs 2,840 per quintal, respectively. Budhana, Thanabhavan and Dhanora too traded in the positive zone with a rise of Rs 10 each to Rs 2,835, Rs 2,830 and Rs 2,825 per quintal, respectively.
The following are today’s quotations per quintal:
Sugar ready: M-30 Rs 2,920-3,180, S-30 Rs 2,910-3,170.
Mill delivery: M-30 Rs 2,740-3,040; S-30 Rs 2,730-3,030.
Sugar mill gate (including duty): Mawana 2840, Kinnoni 3,040, Asmoli 3,010, Dorala 2840, Budhana 2835, Thanabhavan 2830, Dhanora 2825, Simbholi 2,980, Modi Nagar Rs 2,810, Khatuli 2,990, Dhampur 2,780, Ramala 2,780, Bulandshar 2,795, Anupshar 2,740, Baghpat 2,780, Morna 2,790, Sakoti 2,800, Chandpur 2,765, Amroha N.T. And Nazibabad 2,760. (AGENCIES)
Copper futures rise 0.62 pc on spot demand, global cues
NEW DELHI, Feb 7: Copper prices rose 0.62 per cent to Rs 447 per kg in futures trade today as speculators enlarged their positions on the back of increased demand from consuming industries in the spot market amid a firm global trend.
At the Multi Commodity Exchange, copper for delivery in February rose Rs 2.75, or 0.62 per cent, to Rs 447 per kg in business turnover of 1,579 lots.
Likewise, the metal for delivery in April gained Rs 2.45, or 0.55 per cent, to Rs 451.85 per kg in 66 lots.
Analysts attributed the rise in copper futures to increased demand from consuming industries and a firm global trend as stockpiles declined and the biggest user China returned from Lunar New Year holidays.
Meanwhile, copper for delivery in three months climbed 0.2 per cent to USD 7,143 a tonne at the London Metal Exchange. (AGENCIES)
Lead moves up in futures trade on spot demand
NEW DELHI, Feb 7: Lead prices moved up by 0.42 per cent to Rs 132.20 per kg in futures market today due to pick up in demand from battery-makers in the spot market.
At the Multi Commodity Exchange, lead for delivery in February edged up by 55 paise, or 0.42 per cent, to Rs 132.20 per kg in business turnover of 539 lots.
Similarly, the metal for delivery in March traded higher by 50 paise, or 0.38 per cent, to Rs 133.30 per kg in 13 lots.
Analysts said besides pick up in demand from battery-makers in the spot market and a firm trend in other base metal in overseas markets mainly led to rise in lead prices at futures trade. (AGENCIES)
No change in foodgrain prices
CHENNAI, Feb 7: The prices of all commodities remained unchanged for the fourth consecutive day today in the wholesale foodgrains market here.
Following are the wholesale rates of various agri-commodities today (in rupees per quintal, except where stated otherwise): Thoor Dal Rs 7,200 Urad Dal Rs 6,900 Moong Dal Rs 9,400 Gram Dal Rs 3,900 Sugar Rs 2,850 Wheat Rs 2,500 Maida (90 kg) Rs 2,450 and Sooji (90 kg) Rs 2,600. (AGENCIES)
Spectrum auction for 5th day takes off from Rs 52,689 crore
NEW DELHI, Feb 7: The third round of spectrum auction commenced for the fifth day today with Delhi witnessing an upward revision in prices for both the premium 900 Mhz and 1800 MHz band.
“Auction has started. There is excess demand in circles including Assam, J&K, MP, West Bengal, UP (E) and UP (W),” a Department of Telecom (DoT) official said.
At the end of fourth day, telecom companies have jointly made bids worth about Rs 52,689 crore. The Government has got bids of around Rs 30,754 crore for 1800 Mhz band and Rs 21,935 crore for 900 Mhz band.
The price of 900 Mhz in Delhi shot up by about 78 per cent to Rs 639.24 crore per megahertz as compared to the base price of Rs 360 crore fixed by the Government; whereas for the 1800 MHz band, the reserve price rose by 5 per cent to Rs 230 crore a MHz.
The auction for the fourth day ended with no excess demand for the first time for 900 Mhz in any of the three metros- Delhi, Mumbai and Kolkata.
In Mumbai, the price of 900 Mhz band increased by 72 per cent to Rs 563.09 crore for a Mhz and in Kolkata by 54 per cent to Rs 192.71 crore.
Government has put on auction about 385 megahertz of spectrum in the 1800 Mhz band, which started on February 3, following a February 2013 Supreme Court order.
Government is auctioning airwaves in 900 Mhz band in Delhi, Mumbai and Kolkata, which are held by Vodafone, Airtel and Loop Mobile through their licences which are expiring in November.
The 3G auction in 2010 lasted for 34 days, while the auction in November 2012 lasted for 2 days and March auction last year lasted only one day.
In November 2012, bids worth Rs 9,407 crore were received for spectrum worth Rs 28,000 on offer.
In March 2013, no GSM operators bid at the auction and only CDMA operator Sistema Shyam bought spectrum of about Rs 3,600 crore in eight of the 21 service areas. (AGENCIES)