The Hindu Business Line : Turmeric gains on demand, firm spot market

Mumbai, Nov 22 Trading on the commodity exchanges were volatile on Thursday in the absence of price signals from the international markets which remained closed for Thanksgiving.

Turmeric futures on NCDEX edged up 2.46 per cent to Rs 2,209 per quintal on account of rising demand from Maharashtra and firm spot markets at Nizamabad, Sangli, and Erode.

Soya oil futures ended up 1.09 per cent at Rs 528 per 10 kg. Cotton oilseed cake (cocudakl) gained 1.35 per cent to Rs 345 per 50 kg.

Among the losers, Jeera topped the list with prices tumbling 3.04 per cent to Rs 9,936 per quintal as a result of increased selling pressure in the Unjha spot market. Chana prices tumbled 1.19 per cent to Rs 2,322 per quintal due to arrival pressure in the market.

Chilli down

Chilli futures fell by 0.98 per cent to Rs 3,645 per quintal due to higher arrivals in the Guntur spot market.

On MCX, mentha futures fell sharply 2.33 per cent on lack of demand and weak spot market. NCDEX registered a turnover of Rs 1,574 crore up to 5 pm on Thursday.

MCXCOMDEX dropped 0.43 per cent to 2364.35, MCXAGRI was down 0.29 per cent at 1592.71, MCXENERGY fell 0.47 per cent to 2840.12 and MCXMETAL dipped 0.63 per cent to 2510.84.