MCX And NCDEX Spice Market Update: April 11, 2012

Published 04/11/2012, 05:01 AM
Updated 05/14/2017, 06:45 AM
IMOEX
-
MCX Mentha Oil Futures Plunge On Higher Sowing

Mentha oil futures prices witnessed huge volatility during Tuesday’s trading session.

From opening of the session futures started trading down on extended bearish trend.

However, later on, prices turned positive on fresh buying on previous huge losses.

Spot prices also moved down in morning and quoted below Rs. 2470-2500 per Kg.

NCDEX Pepper Ends Higher On Short Covering

Pepper April futures prices extended the recovery on short covering during Tuesday’s trading session.

From ghe opening of the session, futures started trading on the positive side. Prices took small corrections during the day but later saw prices turn on the higher side.

Reports of limited availability also supported the prices and futures prices, which ended up by 1.96%.

NCDEX Turmeric Settles Higher On Active Buying

Turmeric futures prices witnessed smart recovery on previous huge losses during Tuesday’s trading session. From the opening of the session, futures started trading down.

Activity at spot front also remained subdued on heavy arrivals.

However, later on, prices turned positive on short covering and futures prices closed on higher note.

NCDEX Jeera Finishes Up On Bargain Buying

Jeera April futures prices extended the bearish trend during the first half of Tuesday’s trading session.

Prevailing bearish sentiments weighed on prices and futures prices touched  a 20-month low during the day.

However, later on, prices reversed the trend on short covering and futures prices ended the day in green.

NCDEX Chilli Ends Lower On Profit Booking

Chilli Futures prices extended the bearish trend on profit booking during Tuesday’s trading session.

From the opening of the session, futures started trading down on cues from poor spot market activity.

Sluggish demand also kept prices under pressure and futures ended the day in red.

MCX Cardamom Slumps On Selling Pressure

Cardamom April prices continued the down trend during Tuesday’s trading session.

Futures started the day on a positive note, taking recovery on previous huge losses.

However, prices failed to sustain the gains and resumed the downtrend on profit booking and ended the day on a negative note.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.