The Hindu Business Line : Chana futures gain on improved demand

Mumbai, April 9 Guarseed futures fell to its lower circuit of 2.21 per cent at Rs 1,818 per quintal, while guargum shed 1.91 per cent to Rs 4,471 per quintal on favourable monsoon forecast by the meteorological department.

A good south-west monsoon will be favourable for guar cultivation in rain-fed areas of Gujarat and Rajasthan.

Turmeric down

Barley dipped by 2.89 per cent to Rs 1,075 per quintal on weak sentiment in the Jaipur spot markets. Turmeric was down 1.77 per cent to Rs 3,115 per quintal on arrival pressure in the market. Profit booking and weak domestic demand pushed down kapas futures by 0.96 per cent to Rs 503 per 20 kg.

Chana gained 1.43 per cent to Rs 2,561 per quintal on improved demand in the spot markets. Castorseed was up 0.92 per cent to Rs 524 per 20 kg on strong export demand.

Chilli up

Chilli and soyabean rose 0.59 per cent and 0.52 per cent to Rs 4,400 per quintal and Rs 2,137 per quintal.

Cardamom hit the upper circuit of 2.68 per cent to Rs 671 per kg on continued buying support in spot markets.

MCX recorded a turnover of Rs 4,835 crore up to 5 pm, while it was Rs 2,151 in NCDEX.

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