The Hindu Business Line : Chilli futures hit upper circuit

Mumbai, March 24 Opening on a positive note after the two-day holiday, futures trading in agriculture commodities on Monday witnessed hectic buying with many contracts hitting the upper circuit.

Chilli topped the gainers list with prices touching the four per cent upper circuit at Rs 4,325 per quintal. Spot markets in Guntur remained firm on lack of good quality stock supply.

Tracking the bullish global markets, rape seed-mustard seed and soyabean futures went up 3.84 per cent and 3.59 per cent to Rs 564 per quintal and Rs 2,138 per quintal.

Potato futures hit the upper circuit at 3.28 per cent to Rs 494 per quintal on speculative buying. Markets estimates potato rabi output to be lower than last year.

Kapas surged 3.26 per cent to Rs 526 per 20 kg on high export demand from China and lower production estimates.

On MCX, cardamom recovered two per cent to Rs 591 per kg on short covering after the recent fall.

MCX recorded a turnover of Rs 4963 crore up to 5 pm, while it was Rs 2,883 crore on Monday.

More Stories on : Spices & Condiments

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page