Business Daily from THE HINDU group of publications
Thursday, Apr 03, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Apr 03, 2008 ePaper | Mobile/PDA Version |
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Agri-Biz & Commodities
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Commodity Markets Chana futures recover on short covering Our Bureau Mumbai, April 2 After crashing to their lower circuit of four per cent on Tuesday, the soya complex futures on NCDEX stablised on Wednesday. Soyabean futures shed 1.44 per cent to Rs 4,299 per quintal on weak sentiment. RM seed was down 0.75 per cent at Rs 526 per 20 kg. Chilli fell 1.52 per cent to Rs 4,290 per quintal on improved arrivals in the Guntur spot markets. Turmeric gave in by 0.98 per cent to Rs 3,138 per quintal. Higher supplies amidst sluggish demand and higher warehouse stocks pushed sugar futures down 1.37 per cent to Rs 2,057 per quintal. Speculative buying pushed up pepper futures by 1.76 per cent to Rs 14,790 per quintal. Chana recovered 1.57 per cent to Rs 2,718 per quintal on short covering coupled with fresh buying at lower levels. Maize was up 0.72 per cent at Rs 767 per quintal due to fresh buying at lower levels. MCX recorded a turnover of Rs 4,414 crore up to 5 pm on Wednesday, while it was Rs 2,851 crore on NCDEX. More Stories on : Commodity Markets
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