The Hindu Business Line : Jeera futures decline on profit taking

Mumbai, April 22 Mustard seed futures gained 3.68 per cent to Rs 519 per 20 kg on short covering after the recent fall coupled with emergence of buying interest at lower levels. Barley was up by 1.96 per cent to Rs 1,101 per quintal on good demand in the spot markets amidst arrival pressure.

Chana recovered 2.07 per cent to Rs 2,570 per quintal as arrivals fell sharply in spot markets on fear raids being carried out by the Government.

Soya up

Soyabean and soya oil futures went up 1.49 per cent and 1.35 per cent to Rs 2,180 per quintal and Rs 559 per 20 kg respectively on short covering and firm international markets.

Chilli down

Chilli lost 1.52 per cent on account of increasing selling pressure on higher arrivals in the market. Turmeric tumbled 1.4 per cent to Rs 3,232 per quintal on weak sentiment in the spot market. Jeera fell 0.73 per cent to Rs 9,105 per quintal on profit taking after the recent rally.

Cardamom on MCX traded firm at Rs 632 per one kg, up 1.36 per cent on account of restricted supply and moderate demand. Mentha oil closed on negative note at 446 per one kg, down 0.65 per cent tracking weak sentiment in the physical market coupled with lack of demand in anticipation of a bumper crop.

MCX recorded a turnover of Rs 4,402 crore up to 5 pm while it was Rs 1,800 crore in NCDEX on Tuesday.

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