The Hindu Business Line : Turmeric futures gain on hopes of output fall

After the recent correction, pepper futures were up 1.44 per cent to Rs 14,531 per quintal. Kapas rose marginally by 0.45 per cent to Rs 513 per 20 kg on higher export demand. Chana regained much of its loss in the first session to close with a minor gain of 0.36 per cent at Rs 2,822 per quintal.

Wednesday’s fall continued in guarseed and guar gum, whose futures lost 2.37 per cent and 1.36 per cent to Rs 4,570 per quintal and Rs 1,881 per quintal respectively.

Guar counter turned weak on reports that the European Union has decided to probe further the source of contamination in guar gum recently exported from India. India controls 80 per cent of world guar gum trade and Europe is a major importer.

Chilli weak

Chilli fell 0.99 per cent to Rs 3,898 per quintal on weak sentiment in the physical market. Barley shed 0.98 per cent to Rs 1,075 per quintal on account of long liquidation after the recent rally.

On MCX, potato hit the lower circuit of 3.87 per cent to Rs 567 per quintal on increased arrivals and lower demand from stockists.

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