Chana bucks trend in pulses

MARKET ROUND-UP

Chana futures on the National Commodity & Derivatives Exchange (Ncdex) saw some stability on Thursday and firmed up by 2.5 per cent.

In the pulses segment, the prices of other commodities fell marginally in the range of 0.3 per cent to 2 per cent.

The spices category witnessed a mixed trend. Pepper firmed up a little to Rs 10,727 a quintal on Thursday against the previous close of Rs 10,713. Cumin seeds (jeera) prices also climbed to Rs 9,159 a quintal, rising by Rs 19.

The price of chilli contract for April delivery closed at Rs 4,086 a quintal, down 1.6 per cent. Turmeric continued its downward rally and the April contract was down by over 1 per cent at Rs 1,962 a quintal against the previous day's close of Rs 1,987.

The near-month contracts of maize and wheat were down by Rs 12 and Rs 7 a quintal, respectively. Maize closed the day at Rs 724, whereas wheat slipped to Rs 1,006 a quintal.

The prices of soybean and refined soyoil too went down. Soybean declined by Rs 10 (0.73 per cent) to Rs 1,360 a quintal, while soyoil weakened by Rs 2 per to Rs 462 per 10 kg.

Guargum and guarseed seemed to show some correction. With January 10 nearing, market expects the export demand to build up and hence the upward rally in prices.

January futures of guargum closed up at Rs 4,869 a quintal. Similarly, guarseed notched up by Rs 21 to close at Rs 1,959 a quintal.