Maize Futures On NCDEX Touched The Upper Circuit - June 27,2008

Mumbai: Maize futures on NCDEX touched the upper circuit at Rs 973 a quintal on strong domestic and world demand. Turmeric closed up 2.27 per cent at Rs 4,427 a quintal on the back of fresh purchasing in the spot markets. Short covering pushed pepper futures high by 1.74 per cent at Rs 14,180 a quintal. Jeera increased 1.67 per cent at Rs 12,051 a quintal on good export demand. Castorseed increased by 1.46 per cent to Rs 578 a quintal on declining arrivals in Gujarat spot markets and delay in sowing in Andhra Pradesh due to less rains. Chilli futures recorded a loss of 1.04 per cent at Rs 5,255 a quintal on heavy selling amidst increased arrival. While cardamom touched the upper circuit of 3 per cent at Rs 694 a kg, mentha oil declined 1.63 per cent to Rs 494 a kg.