• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Advertisement

Mumbai, Feb. 19 Pepper futures on NCDEX gained Rs 202 per quintal at Rs 12,861 on rumours that the Spices Board may revive the 7 per cent export subsidy, which was scrapped two weeks ago.

Kapas and kapaskhali futures on MCX were up 1.57 per and 3.77 per cent at Rs 433 per 20 kg and Rs 361 per 50 kg, respectively.

The spot prices of kapas and kapaskhali Surendranagar (Gujarat) and Akola (Maharashtra) also firmed up by Rs 120 to Rs 2,300 per quintal on reports of the Cotton Corporation of India entering the market.

Jeera futures on NCDEX were marked up Rs 305 per quintal at Rs 10,728 as concern over quality of the produce still persisted after the unseasonal rains. Potato Tarkeshwar on MCX rose 1.81 per cent to Rs 493 per quintal.

Wheat falls

Wheat futures on NCDEX fell 1.7 per cent to Rs 951 per quintal as the rabi arrivals started in the main mandis. Turmeric futures on NCDEX saw a bearish trend and closed a tad down at Rs 1,988 per quintal.

"Turmeric traders in Nizamabad (Hyderabad), who feel Tamil Nadu and Maharashtra prices are much higher, have called for a bandh on Tuesday demanding the state Government compensate by announcing a minimum support price," said a dealer. Chana futures lost 2 per cent to Rs 2,009 per quintal on bumper production estimates.

NCDEX registered a turnover of Rs 3,139 crore (Rs 2,106 crore, upto 11 p.m.) up to 5 pm on 120,780 (66,300) trades while on MCX it was Rs 2,498 crore (Rs 596 crore, upto 11 p.m.) on 47,803 (14,976) trades. Active trades were seen in chana, pepper, guarseeds, refined soy oil, jeera and gold.

More Stories on : Spices & Condiments | Commodity Exchanges

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Easterlies drive rain in South

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line