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Indian guar futures ended down on Tuesday as fundamentals continued to be weak on expectations of higher output and large carry-forward stocks. Guar could open down in the next session. The March guar seed contract ended down 2.1 percent at 4,875 rupees per 100 kg on the National Commodity and Derivatives Exchange (NCDEX).
TURMERIC Indian turmeric futures ended up on short-covering as buyers preferred better quality with less moisture. They are expected to open up in the next session as lower arrivals support a higher trade. The most-actively traded turmeric contract for April delivery ended up 1.1 percent at 7,338 rupees per 100 kg on the NCDEX.
CUMIN SEEDS Indian jeera may open weak on bearish fundamentals arising due to higher output prospects and huge old stocks. The actively traded jeera contract for March delivery ended 0.2 percent lower at 11,577.5 rupees per 100 kg on the NCDEX.
CHICKPEAS Indian chana is expected to open flat on Wednesday on a steady rise in arrivals from the new harvest. The April chana contract ended down 0.2 percent at 3,019 rupees per 100 kg.

Copyright Reuters, 2014

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