Agro Outlook
D A I L Y
B U Z Z
Chana prices rose by Rs 33 to Rs 3,028 per quintal in futures trade today as traders enlarged their holdings on account of good demand in the market.
Restricted arrivals of the commodity in the physical market pushed the prices tracking a pick -up in festival demand.
At the National Commodity and Derivatives Exchange, chana for delivery in September rose by Rs 33, or 1.10 per cent, to Rs 3,028 per quintal, with an open interest of 31,520 lots.
Similarly, chana prices for delivery in October higher by Rs 26, or 0.84 per cent, to Rs 3,118 per quintal, with an open interest of 1,39,320 lots.
Cardamom prices rose 1.46 per cent to Rs 798 per kg in futures trade on Wednesday as traders enlarged positions driven by pick-up in spot market demand. The tight stocks position following less arrivals from producing regions also influenced cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in in October rose by Rs 11.50, or 1.46 per cent, to Rs 798 per kg, with a business turnover of 315 lots.
Similarly, the spice for delivery in November edged up by Rs 6.80, or 0.83 per cent, to Rs 823.50 per kg with a business turnover of 34 lots.
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