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Tuesday, December 04, 2007
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Commodity News
Nov 30 2007 10:38AM
Gur futures jump on spec buying

Mumbai - Adding more to the small gains of the previous session, gur futures started in the green zone and were trading higher amid fresh buying by speculators and traders on the National Commodity and Derivatives Exchange [NCDEX] Friday.

Earlier, on Thursday spot gur khurpa and gur laddu traded up Rs 10/maund while gur chaku and gur raskat declined Rs 10/maund at the main market Muzaffarnagar. Gur shakkar prices remained unchanged. The market witnessed improvement in demand despite the arrival of 20,000 maund of new gur.

Local traders said, gur prices were trading at the lower level. Meanwhile, private mills of the district have also started sugarcane crushing. But the kolhus in rural parts were still getting huge supplies of sugarcane, thus resulting in huge production of new gur.

At 10.35 am IST, NCDEX December-07 gur was trading up Rs 1.80 at Rs 397.80/maund whereas January-08 futures jumped Rs 3.60 to trade at Rs 429.80/maund.

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