The Hindu Business Line : MCX, NCDEX overcome ban effect

Mumbai, May 9 National commodity exchanges—MCX and NCDEX—managed to retain their turnover despite the recent ban on four commodities by the Government.

MCX recorded a turnover of Rs 5,261 crore (Rs 4,098 crore) up to 5 pm, while it was Rs 1,747 crore (Rs 1,641 crore) on Friday.

Mustard sed futures hit 3 per cent upper circuit at Rs 580 per 20 kg as arrivals in the spot markets fell sharply. Castor seed gained 2.58 per cent at Rs 532 per 20 kg on strong edible oils prices and firm spot markets.

Barley up

Barley was up 1.15 per cent at Rs 1,152 per quintal on strong demand. Guar seed rose 1.15 per cent at Rs 1,855 per quintal following good export demand as rupee depreciated further against dollar.

Pepper futures dipped 2.34 per cent to Rs 13,750 per quintal due to lacklustre demand from exporters.

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