The Hindu Business Line : Chilli, maize hit upper circuit on demand in spot market

Mumbai, Oct 14 Chilli futures continued to gain strength hitting the upper circuit for the second consecutive day. Strong demand in the Guntur spot market on Tuesday pushed up chilli futures by three per cent to Rs 5,673 a quintal.

Maize hit the upper circuit of 2.98 per cent at Rs 846 a quintal on good buying interest at lower levels besides rise in spot prices amidst thin arrivals. Turmeric rose 1.98 per cent to Rs 3,562 a quintal on the back of short covering after recent down side movement. Soybean rose 1.06 per cent to Rs 1,667 a quintal on short covering.

PEPPER DOWN

Jeera and pepper fell marginally by 0.21 per cent and 0.17 per cent to Rs 10,251 a quintal and Rs 12,940 a quintal.

On MCX, mentha oil and crude palm oil gained 2.57 per cent and 0.58 per cent to Rs 554 a kg and Rs 311/10 kg, respectively. While slowdown in arrivals pushed up mentha oil prices, CPO rose on firm global market trend.

Cardamom lost 1.06 per cent to Rs 653 a kg on sluggish demand for the produce.

MCX recorded a turnover of Rs 7,240 crore up to 5 pm, while it was Rs 1,169 crore on NCDEX.

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Chilli, maize hit upper circuit on demand in spot market