Business Daily from THE HINDU group of publications Friday, Apr 06, 2007 ePaper |
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Agri-Biz & Commodities
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Spices & Condiments Jeera gains on speculation Our Bureau
Mumbai April 5 Riding on strong international prices, pepper for April delivery on NCDEX gained 2.96 per cent to Rs 14,790 per quintal. Spot prices were quoting around Rs 14,500 per quintal while in Vietnam prices were $2,900 per quintal.
Chilli rises
Speculative buying pushed up jeera futures by 1.04 per cent to Rs 13,193 per quintal. Chilli futures finished a tad up at 0.78 per cent to Rs 5,721 as arrivals declined to 60,000 bags against 75,000 bags on Wednesday. Guarseed futures were up 1.35 per cent to Rs 2,027 on good demand from millers. Mentha oil futures on MCX rose 2.72 per cent to Rs 607 per kg. Profit booking pushed down chana futures 1.95 per cent to Rs 2,410 per quintal. Higher sugar production estimate of 322.9 tonnes by the government, knocked off 1.23 per cent of sugar futures on NCDEX to Rs 1,440 per quintal. Potato Tarkeshwar and Agra futures on MCX went down 2.57 per cent and 1.63 per cent to Rs 569 and Rs 566 per quintal respectively.
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