Some of the agricultural commodities that are closely watched by the market regulator Forward Markets Commission fell on Thursday.
A few commodities like chana, soya, turmeric and pepper fell sharply, while sugar and chilli gained.
Sugar futures hit a new high of Rs 3,545 per quintal on strong buying support. Sugarcane output this year is expected to be lower due to poor monsoon in the cane growing areas of Maharashtra and Uttar Pradesh.
Forecast by the weather department that the south-west monsoon may remain weak during the remaining months added to the bullish sentiment in sugar futures.
However, area under sugarcane was up 5.28 million hectares against 5.08 million hectares recorded last year.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.