• 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

Strong global prices drive pepper

Mumbai March 23 Demand for maize in Punjab and Uttar Pradesh saw futures contracts for April delivery on NCDEX rise 1.95 per cent to Rs 785 per quintal. Lesser arrivals of 25 truckload of chana against 50 trucks in the Rajasthan markets pushed up futures by 1.65 per cent to Rs 2,275 per quintal.

Continuing its uptrend, turmeric futures on NCDEX gained 1.25 per cent to Rs 2,190 pr quintal on fresh buying by the Andhra Pradesh Marketing Federation in the spot market.

Strong international prices boosted pepper futures on NCDEX by 1.17 per cent to Rs 13,110 per quintal. "The pepper harvest season in Kerala will be getting over by March-end which has slowed down the arrivals," said a trader. Soyabean futures rose 1.11 per cent to Rs 1,582 per quintal.

Cardamom, potato

On MCX, cardamom posted a gain of 1.92 per cent to Rs 481 per kg on good export demand. Strong spot markets pushed up kapaskhali futures prices by 1.57 per cent to Rs 394 per 50 kg. Higher crude prices coupled with rise in domestic demand pushed up rubber futures by 1.88 per cent to Rs 9,516 per quintal.

Potato futures on MCX and NCDEX fell by 0.24 per cent and 0.16 per cent to Rs 576 per quintal and Rs 611 per quintal, respectively, as most of the cold storage houses around the producing centres are filled to capacity. Mentha oil on MCX closed marginally lower.

NCDEX registered a turnover of Rs 3,118 crore up to 5 p.m. (Rs 3,491 crore, at 11.30 p.m.) on 1,00,060 trades (107,730), while in MCX it was Rs 4,252 crore up to 5 p.m. (Rs 10,608 crore at 11.30 p.m.) on 65,276 trades (161,456).

Active trading was seen in chana, pepper, guarseeds, refined soy oil, jeera and gold.

More Stories on : Foodgrains | Commodity Markets

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

Stories in this Section
NMCE posts record physical delivery in rubber, cardamom

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