The Hindu Business Line : Turmeric futures tumble on arrival pressure

Mumbai, Apr 10 Sentiments improved in commodity futures market as the regulator Forward Markets Commission chairman Mr B.C. Khatua assured that none of the commodity will be delisted.

Mustard seed futures topped the list of gainers on NCDEX as the active May contract hit four per cent upper circuit, but closed with a gain of 3.83 per cent at Rs 535 per 20 kg.

Chana was up 3.27 per cent at Rs 2,624 per quintal as sentiments prices rallied sharply on improved spot markets. Kapas moved up 2.37 per cent to Rs 515 per 20 kg on strong global cues.

Tracking the firm Guntur spot markets, chilli scaled up 1.75 per cent to Rs 4,488 per quintal. Castorseed was up 1.68 per cent at Rs 533 per quintal following robust export demand after the ban on castor oil export was lifted.

Potato dips

Potato fell 2.62 per cent to Rs 449 per quintal on higher inventory and low demand. Maize dipped 2.13 per cent to Rs 735 per quintal on unconfirmed news that maize exports will be banned. Turmeric tumbled 1.09 per cent to Rs 3,088 per quintal due to arrival pressure in the spot markets.

MCX recorded a turnover of Rs 5,050 crore up to 5 pm on Thursday, while it was Rs 2,183 crore in NCDEX.

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