Spices

In a desperate move to overcome some of the heavy losses that were incurred during the last three session, black pepper and jeera futures managed to switch over to the green territory and accumulated sharp gains Saturday. The futures got support from fresh buying and short-covering by speculators and traders on the National Commodity and Derivatives Exchange [NCDEX]. Turmeric futures too ended with marginal gains, but turmeric remained in the red zone and closed with losses.

In the similar manner, jeera futures too managed to overcome some of the previous losses and closed higher. Jeera futures had lost almost nine-to-ten per cent during the last three days.