The Hindu Business Line : Chilli futures touch lower circuit

Mumbai, Sept 24 Lack on substantial export enquiries pulled down chilli futures in NCDEX by 2.36 per cent to Rs 5,248 a quintal. Jeera fell nearly 2 per cent to Rs 10,557 a quintal on low demand coupled with stockists unwinding their inventory in anticipation of a good crop in the coming season.

Turmeric slips

Turmeric shed 1.23 per cent to Rs 3,760 a quintal on long liquidation. Pepper was down marginally at Rs 13,255 a quintal.

Rape/mustard seed futures gained 2 per cent at Rs 604 for 20 kg on good demand. Short covering pushed up soyabean futures 1.04 per cent to Rs 2,049 a quintal.

Output fears

Lower output estimates boosted guar seed and gum futures by 1.43 per cent and 1.21 per cent to Rs 1,702 a quintal and Rs 4,264 a quintal, respectively. A correct picture on the production is likely to be available by the end of this week.

Castor seed recovered 1.05 per cent to Rs 616 per 20 kg on firm edible oil prices.

In MCX, menthe oil futures fell 0.96 per cent to Rs 627 a kg on the back of weak demand in spot markets. Cardamom was down 2.35 per cent to Rs 686 a kg on long liquidation after the recent rally. Coriander dropped 0.51 per cent to Rs 8,250 a quintal on profit booking.

Taking the cue from the firm international markets, crude palm oil was up marginally at Rs 351 per 10 kg. MCX recorded a turnover of Rs 8,631 crore up to 5 pm.

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