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Spices Futures Settle Lower

Capital Market / 17:07 , Jul 28, 2010

NCDEX Spices futures extended the loss on profit taking and short selling. Chilli extended the loss on weak spot demand and higher stocks.

Jeera futures slipped nearly four percent during the session. Benchmark August jeera contract ended the session down 3.02 percent at Rs14740 per 100 kg and the open interest dipped 6.63 percent to 9,813 tonnes, indicating profit taking.

Pepper August futures tumbled 3.70 percent to Rs 20566 and ended the session lower by 2.24 percent at Rs 20854 per 100 kg. The open interest in the contract dipped 13.28 percent to 11,341 tonnes, indicating profit taking.

Benchmark August turmeric contract ended the day lower by 3.06 percent at Rs 14390 per 100 kg. The open interest in the contarct slumped 8.14 percent to 8,040 tonnes.

August Red Chilli futures ended the session lower by 2.24 percent at Rs 4418 per 100 kg and the open interest dipped 10.50 percent to 5,855 tonnes, indicating profit taking.

 



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