Mumbai Cumin-seed, red chilli and turmeric futures were trading green amid speculative buying while black pepper futures were slightly down during early trade on the National Commodity and Derivatives Exchange (NCDEX) Thursday. Coriander futures on the Multi Commodity Exchange (MCX) recovered smartly and traded up on short covering of previous losses.

CUMIN-SEED: Cumin-seed futures retained the positive trend and jumped higher on more buying by traders and speculators during initial hours of session on the NCDEX Thursday. At 10.46 am IST, NCDEX September cumin-seed jumped Rs 108 to trade at Rs 11,900/quintal. Benchmark October contract traded up Rs 129 at Rs 12,137/quintal. Volume for September and October contracts was 921 and 1728 tonnes respectively.

Spot cumin-seed continued to trade stable amid normal business activities at the benchmark spices market Unjha in Gujarat Tuesday. Traders say domestic traders and exporters are buying in the market. The market saw arrivals of 2,500 bags while 5,000 bags were traded by the noon. As of August 30, demat stock of cumin-seed at NCDEX-monitored warehouses was 1,994 tonnes while three tonnes were in process.

RED CHILLI: Enlarging three per cent gains of the previous session, red chilli futures moved up slightly further amid continued buying by traders and speculators during early hours of trade on the NCDEX Thursday. At 10.45 am IST, NCDEX October red chilli rose Rs 17 to trade at Rs 5,400/quintal with a volume of 110 tonnes. Benchmark December red chilli traded up Rs 43 at Rs 5,608/quintal with a volume of 30 tonnes.

Spot red chilli traded stronger at the benchmark market Guntur in Andhra Pradesh Tuesday. Around 35,000-40,000 bags of red chilli from cold-storage and 1,000-1,500 bags from non-cold-storage arrived today. As of August 30, demat stocks of red chilli at NCDEX-monitored warehouses were at 1,316 tonnes.

TURMERIC: Turmeric futures recovered from Tuesdays minor losses and moved up slightly on short covering and slow buying by traders during early hours of trade on the NCDEX Thursday. At 10.43 am IST, NCDEX October turmeric gained Rs 17 to trade at Rs 3,825/quintal with a volume of 5000 tonnes. Benchmark December contract traded up Rs 35 at Rs 3,967/quintal with a volume 2520 tonnes.

Spot turmeric was trading steady at major markets in the country Tuesday. Trading at almost all markets is sluggish amid the ongoing Paryushan Parv and Ganeshotsava festival tomorrow. As of August 30, demat stock of turmeric at NCDEX-monitored warehouses was of 3,128 tonnes. The current stocks of turmeric across the country are said to be of 20 lakh bags. However, some of the traders said the current stocks are only of 15 lakh to 17 lakh bags.

BLACK PEPPER: Black pepper futures carried forward weakness of the previous session and lost some more gains amid speculative selling during early trade on the NCDEX Thursday. At 10.43 am IST, NCDEX September black pepper slipped Rs six to trade at Rs 13,955/quintal. Benchmark October contract traded down Rs 11 at Rs 14,232/quintal. Volume in September and October contracts was 207 tonnes and 335 tonnes respectively.

Spot black pepper prices remained firm amid dull business activities in the domestic physical market Tuesday. Traders say, black pepper demand for the winter season will start coming very soon. Demand from Europe and the United States is also expected to come during this period. As of August 30, demat stock of black pepper at NCDEX-monitored warehouses was 5,509 tonnes while30 tonnes were in process.

CORIANDER: After hitting lower circuit Tuesday, coriander futures recovered some losses and traded sharply higher amid short covering by traders during early trade on the Multi Commodity Exchange (MCX) Thursday. At 10.51 am IST, MCX September coriander rose Rs 61 to trade at Rs 8,400/quintal with a volume of 62 lots. Benchmark October coriander traded up Rs 116 at Rs 8,630/quintal with a volume of 40 lots.