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Our Bureau

Mumbai April 2 After opening on a positive note, chilli futures on the NCDEX turned volatile, hitting the day's high of Rs 5,538 per quintal before closing at Rs 5,390.

After rallying through last week, turmeric and chana futures lost 1.34 per cent and 3.29 per cent respectively to Rs 2,291 and Rs 2,352.

Cardamom futures on the MCX hit the lower circuit at 4.01 per cent to Rs 464 a kg on reports of cloudy weather in Kerala. "We are expecting cardamom production in Kerala to improve as cold weather increases yield," said a trader.

Potato drops

Potato Agra and Tarkeshwar futures on the MCX lost 1.34 per cent and 1.41 per cent respectively to Rs 554 and 578.5 a quintal.

Potato futures on the NCDEX gained 1.04 per cent to Rs 602.

Expectations of lower rape/mustard seed production at 60.2 lakh tonnes against 67.7 lakh tonnes last year pushed up futures on the NCDEX by 0.48 per cent to Rs 473 per 20 kg.

Good demand from European Union and China coupled with lower production estimates pulled down castorseed futures on the NCDEX by 0.73 per cent to Rs 416 per 20 kg.

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