Turmeric hits 4pct upper circuit; others also end up
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02 Jan 2010
Spices ended the session with smart profit as on National Commodity and
Derivatives Exchange (NCDEX) Thursday. Turmeric and cumin seed futures extending
morning session’s gains marked significant profit towards the end with turmeric
futures breaching 4 pct upper circuit. Red chilli on the hand closed bearish.
Cumin seed: Cumin seed improved from persistent bearish sentiments and ended the
session with smart gains. January contract surged Rs 113 at Rs 14,670 a quintal.
It hit intra-day high and low of Rs 14,760 and Rs 14,560 a quintal respectively.
February contract moved up Rs 97 at Rs 14,920 a quintal. Volumes in January and
February contracts totaled 4,446 and 3,630 tons respectively. |
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Turmeric: Turmeric displayed sharp uppish movement towards the end to breach
secondary 4pct upper circuit. April contract surged Rs 291 at Rs 7,689 a
quintal. It hit the intra-day high and low of Rs 7,694 and Rs 7,420 a quintal in
that order. May contract soared up Rs 283 at Rs 7,680 a quintal and traded in
the range of Rs 7,693- 7,414 a quintal. Volumes in the April and May contracts
stood at 16,710 and 340 tons in that order.
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Red Chilli: Red chilli futures sustained to trade bearish though demand for
the spice is reported from South Indian states. February contract receded
by Rs 84 at Rs 5,331 a quintal and traded in the range of Rs 5,401- 5,320 a
quintal. March contract rolled back Rs 75 at Rs 5,126 a quintal and
fluctuated between Rs 5,187- 5,106 a quintal. Trading volumes of February
and March contracts totaled at 620 and 205 tons respectively.
Black Pepper: January contract gained Rs 25 at Rs 14,255 a quintal and
fluctuated between Rs 14,345- 14,203 a quintal. February contract moved up
Rs 34 Rs 14,510 a quintal and traded in the range of Rs 14,593- 14,440 a
quintal. Volumes in January and February contracts recorded 1,637 and 723
tons respectively.
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