Turmeric Future Touches Lower Circuit - July 22 , 2008

Mumbai: Chilli, pepper and turmeric touched the lower circuit of 2 per cent in NCDEX on July 21. Chilli declined by 2.91 pr cent to Rs 5,665 a quintal on long liquidation coupled with firm spot market due to lack of export demand. Profit taking cut down pepper by 2.68 per cent to Rs 14,705 a quintal. Turmeric drop 2.13 per cent to Rs 4,875 a quintal on incessant rain in Nizamabad, the major turmeric growing region. Jeera was declined 1.71 per cent at Rs 13,831 a quintal on good arrivals in the spot markets.