Business Daily from THE HINDU group of publications
Tuesday, Apr 08, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Apr 08, 2008 ePaper | Mobile/PDA Version |
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Agri-Biz & Commodities
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Commodity Markets Chana futures hit lower circuit Our Bureau Mumbai, April 7 Inflation worries continued haunt commodity futures trading in NCDEX. Almost all the agriculture commodities ended in the red on Monday. Chana futures plunged to its lower circuit at 2.7 per cent and closed Rs 2,558 per quintal. The spices pack—turmeric, chilli, pepper and jeera—closed in the negative territory. Pepper which was initially down by 2 per cent managed to prune some of its losses to close down 0.47 per cent lower at Rs 14,715 per quintal. Jeera dipsJeera lost 2.37 per cent to Rs 8,625 per quintal. Turmeric dropped 0.25 per cent to Rs 3,137 per quintal. Making good of initial losses, chilli futures finished the day with a gain of 0.14 per cent at Rs 4,356 per quintal. Spot markets in Guntur were closed for Ugadi festival. Soya oil for May delivery was down 1.71 per cent to Rs 553 per 10 kg while soyabean dipped 1.04 per cent to Rs 2,095 per quintal. Sugar hit the lower circuit at Rs 1,442 per quintal, a fall of 2.11 per cent. Barley plunged 3.84 per cent to Rs 1,121 due to absence of buyers at the higher levels. On MCX, potato (Tarkeshwar) hit the lower circuit at 4 per cent Rs 350.10 per quintal. MCX recorded a turnover of Rs 3,791 crore up to 5 pm, while it was Rs 2,096 crore in NCDEX. More Stories on : Commodity Markets
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