Barley Futures Gain On Low Inventories

Mumbai: Barley futures on NCDEX gained 0.61 per cent to Rs 1,246 per quintal due to low inventories. Jeera futures gained 2.57 per cent to Rs 11,231 per quintal as very few stocks of the old crop are left in the godowns. Traders are waiting for the new arrivals, which should start from December end.

Profit booking pulled turmeric futures by 1.31 per cent to Rs 1,961 per quintal. After rallying for the last three weeks, cottonseed oilseed cake futures lost 1.02 per cent to Rs 367 per 50 kg.

Pepper futures dropped 0.51 per cent to Rs 14,905 per quintal. “A correction in pepper is long overdue, but optimistic bulls are holding the prices,” said an analyst.

Mentha oil dips

Mentha oil on MCX dipped 1.65 per cent to Rs 493 per kg on lack of demand and bumper production. Cardamom lost 0.58 per cent to Rs 510 per kg as arrivals have already started at major mandis in Uttar Pradesh. Potato Tarkeshwar and refined soya oil gained marginally. NCDEX’s Futexagri dropped 1.28 points to 1450.04 points, while NCDEXAGRI index was down 2.21 points to 1459.05 points.