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Commodity News
Sep 19 2008 10:26AM
Pepper futures up; other spices dip

Mumbai Black pepper extended yesterdays upward trend and moved up further on continued buying interest among traders at the beginning of the session on the National Commodity and Derivatives Exchange (NCDEX) Friday. Cuminseed, red chilli and turmeric futures, however, traded lower amid profit-booking of recent gains. Coriander futures on the Multi Commodity Exchange (MCX) also traded slightly down.

BLACK PEPPER: Black pepper futures moved upside further with small gains amid speculative buying during initial hours of trade on the NCDEX Friday. At 10.13 am IST, NCDEX September black pepper rose Rs 24 to trade at Rs 12,700/quintal. Benchmark October contract traded up Rs 10 at Rs 12,815/quintal. Volume in September and October contracts was 69 tonnes and 317 tonnes respectively.

TURMERIC: Turmeric futures traded down around one per cent amid selling by traders and speculators during initial hours of trade on the NCDEX Friday. At 10.16 am IST, NCDEX October turmeric lost Rs 29 to trade at Rs 3,726/quintal with a volume of 1620 tonnes. Benchmark December contract traded down Rs 30 at Rs 3,840/quintal with a volume of 1660 tonnes.

CUMINSEED: Cuminseed futures shed some strength and traded considerably lower amid selling by traders and speculators during early trade on the NCDEX Friday. At 10.15 am IST, NCDEX September cuminseed dropped Rs 47 to trade at Rs 10,925/quintal. Benchmark October contract traded down Rs 125 at Rs 10,972/quintal. Volume for September and October contracts was 45 and 1134 tonnes respectively.

RED CHILLI: Red chilli futures dropped marginally to trade down with minor losses amid selling by traders during early trade on the NCDEX Friday. At 10.18 am IST, NCDEX October red chilli dropped Rs 12 to trade at Rs 5,410/quintal with a volume of 15 tonnes. Trading in benchmark December red chilli had not started till the filing of this report.

CORIANDER: Coriander futures traded down around one per cent amid selling during early session on the Multi Commodity Exchange (MCX) Friday. At 10.15 am IST, MCX October coriander dropped Rs 89 to trade at Rs 8,300/quintal with a volume of five lots. Benchmark November coriander traded down Rs 29 at Rs 8,280/quintal with a volume of one lot.

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