The Hindu Business Line : Jeera, pepper hit upper circuit

Mumbai, Feb. 21 Trading interest in agriculture commodities futures improved with the upward revision of open position limits coming into force on Thursday. Jeera and pepper futures in NCDEX hit the upper circuit on good volumes.

Jeera closed with a gain of 4 per cent at Rs 9,358 per quintal on revised open position limit coupled with short covering.

Strong buying interest pushed up pepper prices by 3.68 per cent to Rs 14,860 per quintal.

Chana gains

Chana rose nearly two per cent to Rs 2,662 per quintal on improvement in prices at Delhi spot markets. Soyabean futures was closer to the two per cent circuit and closed up 1.9 per cent at Rs 2,227 per quintal on the back of strong international market.

Mustard seed for May delivery on NCDEX surged 1.36 per cent to Rs 566 per 20 kg tracking strong soy oil market coupled with speculative buying.

Barley lost 0.58 per cent to Rs 997 per quintal on long liquidation.

Mentha oil up

On MCX, mentha oil gained 0.73 per cent to Rs 456 per kg on account of strong export enquiries in the physical market.

MCX recorded a turnover of Rs 7,366 crore up to 5 pm on Thursday, while it was Rs 2,983 crore in NCDEX.

More Stories on : Spices & Condiments

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