Chili June futures prices resumed uptrend on short covering on Thursday after witnessing corrections on higher levels. Futures started the day on a lower note extending previous losses.
However, later on, prices turned positive on short covering and futures ended the day on higher note.
MCX Cardamom Slumps On Profit Booking
Cardamom May prices continued the corrections for 2nd consecutive session on Thursday. Future started the day on flat to positive note on short covering at lower levels.
However, later on, prices resumed downtrend. Impact of falling prices is also witnessed as spot auction prices and futures prices ended the day on lower note.
Wheat May Trade Bearish, NCDEX Chana May To Hold Above 3650
Wheat futures may continue to trade bearish as India has raised its estimate for wheat and rice output to a record large 252.56 million tonnes in the year to June, up 3.2 percent from a year ago on crop-friendly weather, the Wall Street Journal reported.
Chana futures (May) is expected to hold above 3650 levels on bargain buying after three consecutive sessions of fall. An improvement in demand in the physical market and an estimated decline in the production is also supporting the price.
In the Delhi spot market, chana nudged up 2 rupees to 3,513 rupees per 100 kg. Sugar futures (May) is likely to trade upside on hopes the government will allow more exports due to surplus output this year. The price was up 6 rupees at 2,914 rupees per 100 kg in the spot market in Kolhapur, in top producing Maharashtra state.
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NCDEX Chili Ends Higher On Short Covering: April 22, 2012
Published 04/20/2012, 05:24 AM
Updated 05/14/2017, 06:45 AM
NCDEX Chili Ends Higher On Short Covering: April 22, 2012
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