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Our Bureau

Mumbai , Jan. 3

Pepper and turmeric futures on NCDEX lost heavily as traders preferred to book profits.

Pepper futures were down 3.37 per cent at Rs 10,751 per quintal, while turmeric for April delivery lost 2.17 per cent at Rs 1,988 per quintal.

NCDEX registered a turnover of Rs 3,221 crore on Wednesday against Rs 3,148 crore on Tuesday;

MCX recorded a turnover of Rs 3,985.57 crore (Rs 1013.95 crore).

Active trades were seen in guarseeds, chana, refined soy oil, soya bean, urad and pepper.

Rubber slips

Rubber futures on the MCX were down Rs 179 to Rs 10,059 per quintal due to lack of direction from international markets as the Tokyo Commodity Market remained shut for New Year.

Urad futures on the NCDEX opened firm but by mid-session prices fell by almost 1 per cent before recovering during the close. There were no significant change in volumes and open interest positions. "New desi urad traded steady at the Guntur market of Andhra Pradesh on limited local buying support. Arrivals in Andhra Pradesh and surrounding centres were at around 3000-4000 bags. NCDEX urad January could test Rs 2,966 levels on the upside," said a Kotak research report.

Bearish trend continued in chana futures as it closed lower 0.83 per cent at Rs 2,277 per quintal.

Jeera too lost Rs 90 per quintal at Rs 9,185. Among gainers, mustard seed on the NCDEX was up 1.02 per cent at Rs 366 per quintal, while wheat gained 0.55 per cent at Rs 1,018 per quintal.

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