Agri futures remained stable and ended almost flat except for a few minor fluctuations in the spices sector on Wednesday. | |
| The supply pressure on several commodities coupled with the comparatively lesser demand kept the market at bay. |
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| The coarse grain segment closed weak while the near-month maize contract moved down on the back of steady momentum in arrivals. |
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| It closed at Rs 730 a quintal against yesterday's close of Rs 732, a fall of over Rs 10 since Monday. Guarseed, meanwhile, closed Rs 22 down at Rs 1,617 a quintal as arrivals from Rajasthan is reportedly still strong. However, Barley firmed up slightly and closed Rs 1 up at Rs 1,241 a quintal. |
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| Chana continued to be a victim of poor demand, closing at Rs 2,193 a quintal. Market sources said that the bearish trend would continue in chana as the import of pulses had a cooling effect on prices. |
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| Spices, except cumin seed (jeera), firmed up a little. Reports of lower turmeric output this season has pushed up the market. |
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| After yesterday's weak trading, turmeric futures shot up today to above Rs 2,300 a quintal level to close the day at Rs 2,324, up Rs 30 from yesterday's close. Pepper managed a jump of Rs 20 to Rs 12,675. Pepper had seen a drastic fall of over Rs 390 on Tuesday. |
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| On the other hand, jeera continued to reel under low demand and closed at Rs 9,455 a quintal. |
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| The last two trading sessions have seen a slip of over Rs 170 a quintal. Chilli's February futures closed firm at Rs 3,640 a quintal. |
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| The country is expecting a bumper crop of chilli this season. Arrivals from Madhya Pradesh have already started hitting the market. |
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| Mentha, which is witnessing negligible physical trading in the mandis of Uttar Pradesh, firmed up a litte to close at Rs 439 a kg. Sugar M grade, reeling under excessive output, slipped to Rs 1,281 a quintal from yesterday's close of Rs 1,295. |
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