Wednesday, October 15, 2008

Chilli Futures Touches Upper Circuit - Oct 15, 2008

Mumbai: Chilli futures remained to gain strength touching the upper circuit for the second consecutive day. Strong demand in the Guntur spot market on Oct 14 pushed up chilli futures by 3 per cent to Rs 5,673 a quintal. Maize touched the upper circuit of 2.98 per cent at Rs 846 a quintal on good purchasing interest at lower levels besides rise in spot prices amidst thin arrivals.

Turmeric increased 1.98 per cent to Rs 3,562 a quintal on the back of short covering after recent down side movement. Soybean increased 1.06 per cent to Rs 1,667 a quintal on short covering. Jeera and pepper declined slightly by 0.21 per cent and 0.17 per cent to Rs 10,251 a quintal and Rs 12,940 a quintal. On MCX, mentha oil and crude palm oil increased 2.57 per cent and 0.58 per cent to Rs 554 a kg and Rs 311/10 kg, respectively. Cardamom declined 1.06 per cent to Rs 653 a kg on sluggish demand for the produce.

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