Being a Saturday there was not much of a movement at the commodity futures market in India. Trading was thin.

Without direction from the global futures market, there was very low activity at the base metal futures counters. No major players were visible at the counters. Agri-commodity trade witnessed some activity.

Cardamom futures lost 1.5 per cent of its value. The fall was much more in chillies which lost 3.5 per cent of its value.

Analysts said that the fall in chillies was on expected on lines, this being the arrivals season. Spot market prices are also expected to drop correspondingly. Edible oils remained positive.

Pepper and rubber ruled steady. Rubber was ruling at Rs 203.90 per kg for the May contract.

cj@thehindu.co.in

(This article was published on April 7, 2012)
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