The Hindu Business Line : Turmeric hits lower circuit on profit booking

Mumbai, Dec 6 Turmeric futures on NCDEX hit the lower circuit at 4.58 per cent to settle at Rs 2,290 a quintal on profit booking after the recent rally.

Maize prices were down 1.9 per cent at Rs 721 per quintal on steady spot market. Pepper fell sharply by 2.39 per cent on weak international market. Guarseed and guar gum prices fell 1.52 per cent and 1.6 per cent to Rs 1,622 per quintal and Rs 4,110 per quintal, respectively. The spot market for guar complex in Rajasthan was weak due to good arrivals, said an analyst. Chana lost 1.46 per cent to Rs 2,235 per quintal on weak spot prices with declined in demand for pulses.

Barley gains

Barley remained the lone gainer on NCDEX posting 0.49 per cent rise to Rs 1,241 per quintal due to dwindling stock and strong demand in the Jaipur markets.

On MCX, refined soya oil topped the list of losers with a 1.12 per cent fall to Rs 524 per 10 kg. “The basic reason behind this fall was weak international crude oil prices as well as MDEX crude palm oil prices,” said an analyst.

Rubber prices dwindled 0.62 per cent to Rs 9,320 per quintal due to long liquidation and fall in crude oil prices. Kapas khali prices fell sharply on weak spot markets. Potato prices rose 1.49 per cent to Rs 442 per quintal on lower stocks and reports of crop loss in eastern parts of the country. MCX recorded a turnover of Rs 4653 crore up to 5 pm on Thursday, while it was Rs 1,709 crore in NCDEX.