Chilli Futures Attain Lower Circuit - Sep 25, 2008

Mumbai: Lack on significant export enquiries declined chilli futures in NCDEX by 2.36 per cent to Rs 5,248 a quintal. Jeera declined nearly 2 per cent to Rs 10,557 a quintal on low demand coupled with stockists unwinding their inventory in anticipation of a good crop in the coming season. Turmeric shed 1.23 per cent to Rs 3,760 a quintal on long liquidation. Pepper was down slightly at Rs 13,255 a quintal. Rape/mustard seed futures increased 2 per cent at Rs 604 for 20 kg on good demand. Short covering increased soyabean futures 1.04 per cent to Rs 2,049 a quintal. Castor seed recovered 1.05 per cent to Rs 616 per 20 kg on firm edible oil prices. In MCX, menthe oil futures declined 0.96 per cent to Rs 627 a kg on the back of weak demand in spot markets. Cardamom was down 2.35 per cent to Rs 686 a kg on long liquidation after the recent rally.