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Agri-Biz & Commodities - Spices & Condiments
Chilli futures tumble on weak demand

Our Bureau

Mumbai, Jan 10 Chilli futures in NCDEX tumbled 3.53 per cent on weak demand in the physical market coupled with offloading of old stocks.

Kapas fell 1.42 per cent to Rs 494 per 20 kg on profit taking on recent rally. Guar seed futures dropped 1.36 per cent to Rs 1,737 per quintal on profit booking as spot markets remained steady.

Maize down

Maize prices came down by 1.27 per cent to Rs 780 per quintal due to profit booking after the recent rally. Pepper futures dropped 1.61 per quintal on account of long liquidation coupled with selling pressure in absence of major trigger from international market.

On MCX, potato prices fell sharply 1.68 per cent to Rs 557 per quintal with cloudy weather getting clearer in northern states. Mentha oil futures traded down 1.36 per cent to Rs 429 per 20 kg on the back of sluggish demand. Kapas prices fell 1.26 per cent to Rs 394 per 20 kg on profit taking.

Turnover

MCX recorded a turnover of Rs 5,802 crore up to 5 pm, while it was Rs 2,645 crore on Thursday.

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Chilli futures tumble on weak demand


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