Date:13/03/2006 URL: http://www.thehindubusinessline.com/2006/03/13/stories/2006031300550700.htm

Back Demand holds key to sugar futures

Our Bureau

Mumbai , March 12

Futures prices of medium sugar may stabilise at lower level next week on continued inflows from mills against steady domestic demand.

Prices for April and May contracts on NCDEX declined last week bt Rs 40-50 to Rs 1,970 and Rs 2,042 a quintal (ex-Muzaffar nagar) respectively on increased offerings.

Kapas

Kapas (unginned cotton) futures prices on MCX could turn weak next week on continued offerings by some ginners amid steady inflows in Gujarat.

Last week, April contracts of Kapas (V-797 Kalyan) were down Rs 5-7 to at Rs 315 for 20 kg (Gujarat centres) on scattered buying. There were more sellers than buyers. Guarseed

Guar seed futures prices are likely to continue ruling lower next week in the absence of fresh buying amidst steady offerings.

Last week, guarseed futures moved in a narrow range and settled lower.

Guar seed April contracts on NCDEX were down Rs 10-15 to Rs 1,727 a quintal (ex-Jodhpur).