The Hindu Business Line : Chilli futures gain on crop damage

Mumbai, March 31 Most of the agriculture commodities traded on the negative zone on Monday as traders felt that the cabinet committee meeting on the price hike may suggest the Government to delist some of the essential commodities traded on the futures platform.

Barley hit the lower circuit of 2.64 per cent at Rs 1,120 per quintal ahead of rabi crop arrivals. Chana tumbled 1.66 per cent to Rs 2,785 per quintal following reports that the Government may resort to imports to rein in prices.

Sugar prices dipped 1.55 per cent to Rs 1,461 per quintal on removal of export subsidy. RM Seed futures fell 1.31 per cent to Rs 552 per quintal tracking weak sentiment in soy oil market.

Maize was down 1.33 per cent to Rs 778 per quintal on arrival pressure in the spot market.

Chilli gained 2.06 per cent to Rs 4,401 per quintal on news of heavy crop damage in Andhra Pradesh. Kapas remained the only other gainer.

On MCX mentha oil gained 2.3 per cent to Rs 436 per kg.

MCX recorded a turnover of Rs 4,727 crore up to 5 pm on Monday.

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