Bulls surface in Indian agri-commodities, push up chana, jeera and mustard futures

The bulls made their presence felt in the agro commodities market in the afternoon session on Thursday, as traders ramped up futures prices of chana, cottonseed oil cake, jeera and mustard seeds on modest volumes.

However, futures of coriander, barley and turmeric remained under pressure.

The Dhaanya Index rose 15 points, to 0.5 percent, to 2,984 points in late afternoon trade. Cottonseed oil cake futures for June were the top gainers as they build up further strength since morning. Prices rose 33 rupees, or 1.4 percent, to 2,253 rupees.

Jeera futures gained 170 rupees, or 1.1 percent, to 16,105 rupees.

Chana futures added 27 rupees, or 0.5 percent, to 6,050 rupees. It was trading at a discount of 75 rupees to the spot price.

Futures that saw a dip in prices were Barley, down 10 rupees, or 0.1 percent, to 1,551 rupees Coriander Futures lost 25 rupees, 0.4 percent, to 6,048 rupees.

 

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