Turmeric Prices In The Nizamabad Mandi Rallied - Nov 15, 2008

The Turmeric futures extended the last week gain during the current week on improved demand from the domestic buyers. However, some profit taking noted in the today's trading session and the futures contract slumped slightly from the previous session high. The NCDEX Turmeric futures ended the last week with profit of 4.31% at Rs 3677 per 100 kg and spurted further during the week on strong demand. The December futures contract surged to Rs 3824 per 100 as on yesterday, up nearly 4% over the last week.

Traders liquidated the long position on weekend trading session. The contract slumped nearly 2.03% to the session low of Rs 3726 per 100 kg during the today's opening trading session and the open interest dropped 1.01% to 20,570 lots from 20,750 lots as on yesterday, indicating profit taking.

The Turmeric prices in the Nizamabad mandi rallied nearly 3.50% during the week over the last week to Rs 3834.70 per 100 kg as on yesterday.

Sugar future touches upper circuit - July 16, 2008

Mumbai: Sugar futures in NCDEX touched the upper circuit of 4.03 per cent at Rs 1,626 a quintal following reports of drought-like situation due to insufficient monsoon in Maharashtra. Lower acreage under sugarcane cultivation is also hoped to bring down the output next season. Castorseed also touched the upper circuit of 4 per cent at Rs 647 per 20 kg due to export demand and sharp fall in acreage under castor cultivation in the ongoing kharif season. Maize earned 2 per cent at Rs 998 a quintal on account of short covering followed by fresh buying in expectation of shortage of stock to meet the domestic demand. Turmeric prices closed on positive note at Rs 4,748 a quintal, up 2.09 per cent on the back firm spot market. In MCX, cardamom increased 2.15 per cent at Rs 642 for 20 kg on robust export demand and lack of rainfall in major growing areas of Kerala. Mentha oil increased 1.73 per cent to Rs 753 a kg on strong export demand and firm spot price.