The Hindu Business Line : Short covering pushes up turmeric futures

Barley hit the lower circuit of 3.71 per cent at Rs 1,096 per quintal due to increase in arrivals from rabi harvest. Maize fell 1.25 per cent to Rs 752 per quintal on long liquidation coupled with arrival pressure.

Chana lost nearly one per cent to Rs 2,523 per quintal on weak spot markets and higher arrivals.

Firm global markets pushed kapas futures up 1.46 per cent to Rs 508 per 20 kg.

Castor seed gained 1.24 per cent to Rs 523 per 20 kg on strong export demand. “There was a good export demand and arrivals in the spot markets were thin due to the recent rain in Gujarat,” said a trader.

Short covering pushed up turmeric futures by 0.99 per cent to Rs 3,160 per quintal. Guar seed and gum recovered by 0.81 per cent and 0.73 per cent to Rs 1,857 per quintal and Rs 4,572 per quintal on fresh buying at lower levels.

Cardamom on MCX traded on positive note at Rs 654 per quintal with limited supplies to auction centres.

MCX recorded a turnover of Rs 4,208 crore up to 5 pm, while it was Rs 1,903 crore in NCDEX.

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