Sunday, 11 December 2011

Monday Market View

NCDEX Commodity Soya refined oil stand still up to Rs. 651.40 because of the high demand in the major mandies and low supplies of the commodities in major mandies which makes soya refined oil a strong on Monday. Increasing Exporting demand of Gaurseed seed in market makes its prices stand still up by 0.18 percent at Rs. 5621. It produces 1-1.5 million tonnes of guar seed annually, which is processed into about 0.3-0.5 million tonnes of guar gum. Prices have shot up in anticipation of 20% export duty on guar gum. Poor domestic service of exporting chilli prices moves down side, NCDEX Chilli prices extended the down trend amid huge arrivals at spot market of Guntur.

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