Potato, Turmeric Futures Hit Upper Circuit

Mumbai: Lowering of circuit to two per cent and four per cent on Monday had its impact in agriculture commodity futures trading with turmeric and potato hitting the upper circuit, while chilli was locked at the lower circuit. Jeera which initially hit the lower circuit of 2 per cent pared much of its losses but still closed in the red at Rs 8,855 per quintal. Run-up to Budget 2008-09

Turmeric futures in NCDEX gained 2.44 per cent to Rs 3,152 per quintal with buying mostly done by stockists.

Mentha up

Strong spot markets pushed up mentha futures on MCX by 1.65 per cent to Rs 443 per kg. Chana closed flat at Rs 2,617 per quintal on lower production estimates.

Chilli dropped to the lower circuit at 3.51 per cent to Rs 3,902 per quintal as arrivals improved to 70,000 bags from 20,000 bags last week.

Cocud and sugar closed lower 0.92 per cent at Rs 407 per 20 kg and 0.64 per cent at Rs 1,404 per quintal, respectively.