The Hindu Business Line : Maize, turmeric hit lower circuit

Mumbai, June 24 Almost all agriculture commodity futures in NCDEX ended in the negative zone on Tuesday as maize and turmeric hit the lower circuit. Pepper and jeera which were down initially registered a marginal gain.

Maize for July delivery was down 2.44 per cent of Rs 920 a quintal on increased selling pressure on profit booking. Turmeric fell 2.32 per cent to Rs 4,331 a quintal on long liquidation.

Chilli turns cold

Chilli dipped 1.34 per cent to Rs 5,369 a quintal due to mounting selling pressure on higher arrivals amid lacklustre demand.

Barley shed 1.14 per cent to Rs 1,318 per quintal on declining spot price and ease in demand from malt and beer industries. Rapeseed/mustard dropped 0.43 per cent to Rs 640 a quintal on profit booking and tracking weak sentiment in international market.

Jeera recovered 1.67 per cent to Rs 11,782 a quintal on speculative buying even the spot market remained steady. Pepper was up 0.69 per cent at Rs 14,058 a quintal on short covering.

In MCX, mentha oil prices fell 1.47 per cent to Rs 507 a kg on long liquidation. Cardamom was down 0.81 per cent to Rs 677 a kg following fresh arrivals.

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Maize, turmeric hit lower circuit