Pulses futures take a knock

Market Round-Up

Pulses futures slumped on the National Commodity and Derivatives Exchange (Ncdex) on Tuesday, while spices gained momentum. Sugar too ended in the black.

As against last day's close, near-month contracts of chana, tur and urad declined, whereas masoor remained unchanged. Chana's February contract closed the day at Rs 2,209 against the previous close of Rs 2,224 a quintal.

Tur and urad fell by Rs 30 and Rs 27 to Rs 2,102 and Rs 2,827 a quintal respectively. Masoor closed at Rs 1,949 a quintal.

Turmeric's April contract closed at Rs 1,992, up 1.27 per cent against Rs 1,967. Similarly, jeera (cumin seeds) jumped up Rs 107, to close the day at Rs 9,212 a quintal. But pepper slipped to Rs 11,350 a quintal from its last day's close of Rs 11,415.

Sugar firmed up substantially and crossed the level of Rs 1,600 to end at Rs 1,621, up Rs 30 a quintal. Sugar touched the intra-day high of Rs 1,925. Gur February futures followed same and strengthened by Rs 2 to close the trading session at Rs 479.

Soyabean closed at Rs 1,443 a quintal, up Rs 8, whereas soy oil climbed up by Rs 3 to Rs 474 per 10 kg. Mentha oil slumped to Rs 568 per kg from Rs 581.

Wheat softened to Rs 1,028 a quintal against the previous close of Rs 1,039. Maize remained unchanged at closing time at Rs 779 a quintal. However, it touched an intra-day high of Rs 782, but could not sustain at the high level.