The Hindu Business Line : Soyabean, rapeseed futures hit lower circuit

Mumbai, July 8 Soyabean and rapeseed/mustard futures on NCDEX hit the lower circuit of 3.14 per cent and 2.42 per cent respectively at Rs 2,653 a quintal and Rs 632 for 20 kg on Tuesday. Soyabean sowing is on full swing after the recent lull pressurised futures, while rapeseed/mustard followed the soyabean downhill.

Profit booking after the recent rally pulled cocud down 1.44 per cent to Rs 472 per 20 kg. Guarseed fell 0.75 per cent to Rs 1,859 a quintal on forecast of improved rainfall in next couple in the growing areas. Weak sentiments in the spot markets dragged down barley futures 1.15 per cent to Rs 1,286 a quintal.

Chilli gains

Chilli gained 1.99 per cent to Rs 5,428 per quintal on rising domestic demand. Pepper was up 0.73 per cent to Rs 13,875 a quintal on short covering after the recent rally.

In MCX, mentha oil went up 0.91 per cent to Rs 619 a kg on reports of heavy crop damage in Uttar Pradesh.

MCX recorded a turnover of Rs 7,835 crore up to 5 pm, while it was Rs 2,435 crore in NCDEX.

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Soyabean, rapeseed futures hit lower circuit