AGRI-COMMODITY MARKET NEWS UPDATE

Naturalgas trading range for the day is 221.1-232.5.Naturalgas on MCX settled down on Wednesday while Natural gas prices on NYMEX extended its gain upside by +1.50%.A relatively cold weather system will track across the East, leaving much of the country much colder compared to recent weeks.Natural gas inventories report showed a draw of -119Bcf versus expectations for inventory to be a draw of approximately -121 Bcf.

 

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Menthaoil trading range for the day is 1005.1-1027.5.Mentha oil spot at Sambhal closed at 1121.40 per 1kg. Spot prices is up by Rs.3.00-.Mentha oil prices gained on the back of pick-up in demand at domestic spot market.Besides, tight stocks position following restricted arrivals from major producing belts of Chandausi in Uttar Pradesh also provided support to mentha oil prices.At Bareilly market arrivals were reported at 1 Drums(1-drum-180kg), down by 4 Drums(1-drum-180kg) from previous trading day.

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