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Our Bureau

Mumbai, Sept 10 Weak spot market in Unjha (Gujarat) pulled jeera futures down 2.8 per cent to Rs 10,074 per quintal.

Chana futures too dropped by 1.74 per cent to Rs 2,259 per quintal as demand failed to pick despite the festival season.

Turmeric prices registered a loss by 1.54 per cent to settle at Rs 1,978 per quintal on account of long liquidation and selling pressure in the market. Chilli for September delivery also remained weak at Rs 4,732 per quintal as a result of long liquidation. Guar seed prices fell marginally by Rs 9 per quintal to Rs 1,740 on lack of buying support although weather remained clear.

Potato (Delhi) ended positive registering a gain of 0.64 per cent at Rs 691 per quintal following poor arrivals from Hasan. “Inventories are also fast depleting which may augur well for prices,” said an analyst.

At NCDEX, 561 members (2,830) users participated in trading up to 5 pm and volumes were Rs 2,046 crore. There were more than 66,997 trades. Active trades were high in among others guar seeds, chana, pepper, jeera, gold and soyabean.

On MCX, the near month potato (Agra) futures hit the lower circuit of 6 per cent at Rs 587 per quintal due delivery pressure. The Exchange received a delivery intention of 6,000 tonnes of potato Agra. The Tarkeshwar variety also ended down 1.95 per cent at Rs 640 per quintal.

On Monday, September 10, turnover on MCX in the first session up to 5 pm was Rs 3,501 crore. Total number of trades was 66,431.

MCX Comdex – the composite index of metals, energy and agri sub-indices was down 0.68 per cent at 2155.04 points. MCX Metal Index declined 0.21 per cent at 2448.96 points, MCX Energy Index was down 1.18 per cent at 2281.19 points while MCX Agri index closed down 0.69 per cent at 1745.92 points.

More Stories on : Spices & Condiments | Commodity Markets

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