From correspondents in Gujarat, India, 10:03 PM IST

The guar seed contract for July was settled at Rs.2,024 per quintal at the National Multi-Commodity Exchange (NMCE).

The settlement price as calculated taking Jodhpur (Rajasthan) as the basis centre.

The turmeric contract Saturday was settled at Rs.4,813 per quintal with Erode (Tamil Nadu) as the basis centre.

The settlement price of the commodity is calculated by taking the average of its closing prices of the preceding three days.

At present, NMCE runs futures contracts in over 90 series in 25 commodities, including pepper, sacking, castor seed, copra, coconut oil, rape and mustard oil, isabgol seed (psyllium) and base metals.

(Staff Writer, © IANS)