The Hindu Business Line : Chilli futures turn hot on S. Korea deal

Chilli futures on NCDEX turned red hot with South Korean traders buying in the Guntur (AP) market. Spot prices moved up from Rs 6,200 per quintal to Rs 6,800. Chilli futures closed with a gain of 1.42 per cent at Rs 4,275. Pulses saw a mixed trend with channa hitting the upper circuit, while urad and tur lost ground. Channa futures opened strong on NCDEX and gained further strength to close up 4 per cent to Rs 2,465 per quintal.

Urad futures hit the lower circuit of 4.30 per cent at Rs 2,980 per quintal as the imported variety on the spot market lost $40-50 to $6,000 per quintal. Tur also fell by 1.46 per cent to Rs 1,956 per quintal.

Sugar gains

Sugar attracted investor interest on hopes of the ban on sugar exports being lifted. However the cabinet decision on the issue has been put off to the next week. Sugar futures retained a major portion of its early trade gain to close up 1.21 per cent at Rs 1,591 per quintal. Wheat ended on the positive side with a gain of 1.34 per cent at Rs 1,072 per quintal. Rubber futures on MCX lost 1.74 per cent to Rs 10,180 per quintal.

NCDEX registered a turnover of Rs 2,622 crore up to 5 pm (Rs 2,826 crore till 11 pm) with 90,490 (95,580) trades while on MCX it was Rs 3,580.30 crore (Rs 10,885 crore till 11 pm) up to 5 pm through 69,759 (1,93,068) trades.