Jeera Futures Decline On NCDEX

Mumbai: Weak spot market in Unjha (Gujarat) pulled jeera futures down 2.8 per cent to Rs 10,074 per quintal. Chana futures too declined by 1.74 per cent to Rs 2,259 per quintal as demand failed to pick despite the festival season. Turmeric prices recorded a loss by 1.54 per cent to settle at Rs 1,978 per quintal on account of long liquidation and selling pressure in the market. Chilli for September delivery also remained weak at Rs 4,732 per quintal as a result of long liquidation. Guar seed prices declined marginally by Rs 9 per quintal to Rs 1,740 on lack of buying support although weather remained clear. Potato (Delhi) ended positive recording a gain of 0.64 per cent at Rs 691 per quintal following poor arrivals from Hasan.

On MCX, the near month potato (Agra) futures hit the lower circuit of 6 per cent at Rs 587 per quintal due delivery pressure. The Tarkeshwar variety also ended down 1.95 per cent at Rs 640 per quintal. Total number of trades was 66,431. MCX Metal Index fell 0.21 per cent at 2448.96 points, MCX Energy Index was down 1.18 per cent at 2281.19 points while MCX Agri index closed down 0.69 per cent at 1745.92 points.