Friday, June 13, 2008

Jeera Futures Gain On Short Supply - June 13, 2008

Mumbai: Jeera futures on NCDEX gained 1.62 per cent to Rs 11,015 a quintal on reports of a drop in global supply. Moreover, arrivals in the domestic market declined sharply. Maize was up 1.51 per cent at Rs 940 per quintal on fresh buying interest.

Castorseed rose 1.07 per cent to Rs 536 per 20 kg on shrinking arrivals and strong export demand. Cocud moved up 0.99 per cent at Rs 468 per 50 kg on strong demand from Rajasthan and Gujarat.

Reports of rainfall in parts of Rajasthan and Gujarat pulled down guarseed futures by 2.6 per cent to Rs 1,722 per quintal.

Turmeric dips

Turmeric settled a tad down at Rs 4,175 on profit taking coupled with weak sentiment in the physical market.

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On MCX, cardamom rose 2.48 per cent to Rs 702 per quintal on lower arrivals and strong domestic demand.

MCX registered a turnover of Rs 6,119 crore up to 5 pm on Thursday.

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