The Hindu Business Line : Turmeric futures decline on profit taking

Mumbai, Dec. 18 After the recent rally, turmeric futures on NCDEX fell 1.31 per cent to Rs 2,710 per quintal on profit taking coupled with selling pressure. Chilli shed 2.45 per cent to Rs 3,780 per quintal due to long liquidation. Jeera dropped 0.68 per cent to Rs 9,740 per quintal due to selling pressure at the Unjha spot markets.

Chana recovers

Among gainers, chana recovered 0.71 per cent to Rs 2,267 crore on reports that area under chana cultivation was lower that last season. Taking cues from strong domestic and international markets, soybean futures were up 0.65 per cent to Rs 1,921 per quintal.

On the MCX, potato prices fell 1.37 per cent to Rs 534 per quintal on profit taking. Cardamom futures were down 0.67 per cent to Rs 595 per kg on lack of buying interest in the spot market.

Jute and kapas kali futures were marginally up by 0.73 per cent and 0.14 per cent at Rs 1,379 per quintal and 358 per 20 kg respectively.

MCX recorded a turnover of Rs 4,333 crore up to 5 pm, while it was Rs 1,494 crore in NCDEX. Active trades were high in soybean, soya oil, rape mustard seed, guar seed and pepper on NCDEX.

More Stories on : Spices & Condiments | Commodity Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Centre hopeful of 75.5 mt wheat output

Spot rubber stays steady

Chidambaram to distribute special purpose tea fund to S. Indian gardens on Jan 4

Sharp fall in global cloves output may push up prices

Marginal decline in pepper futures

Turmeric futures decline on profit taking

Farmers’ associations want ban on wheat, rice futures to go

Mother Dairy in red; posts Rs 33-cr loss in 2006-07

Positive outlook for major commodities in 2008