Business Daily from THE HINDU group of publications
Wednesday, Mar 12, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Mar 12, 2008 ePaper | Mobile/PDA Version |
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Agri-Biz & Commodities
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Commodity Markets Soya hits upper circuit Our Bureau Mumbai, March 11 It was a mixed day for the futures trading in agriculture commodity on national stock exchanges. Soyabean and rapeseed/mustard seed hit the upper circuit, while chilli closed near its four per cent lower circuit. Improved arrivals at the Guntur spot markets led to heavy selling in futures which dipped by 3.98 per cent to Rs 4,101 per quintal. Jeera fell 1.52 per cent to Rs 9,410 per quintal on weak spot markets. Pepper dropped 1.36 per cent to Rs 14,733 per quintal on steady export demand. After the recent rally, turmeric was down 0.66 per cent to Rs 3,301 per quintal. Increase in arrivals at Nizamabad spot markets also supported bearish turmeric future. Maize traded in the negative zone and closed 0.56 per cent lower at Rs 793 per quintal as the newly harvested rabi crop hit the spot markets. Taking the cue from the international markets, soyabean futures hit the upper circuit of 4 per cent at Rs 2,262 per quintal. Mustard seed was up 3 per cent to Rs 628 per quintal on concerns over production being hit due to recent rainfall in the growing areas. Kapas and sugar gained 2.18 per cent and 1.67 per cent to Rs 519 per 20 kg and Rs 1,519 per quintal. On MCX, mentha futures gained 4 per cent to Rs 454 per kg, while was down 2.69 per cent at Rs 594 per quintal. MCX recorded a turnover of Rs 7,905 up to 5 pm, while it was Rs 3,691 crore in NCDEX. More Stories on : Commodity Markets
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