Agro Outlook
D A I L Y
B U Z Z
Cardamom futures fell by 1.28 per cent to Rs 745.30 per kg today as speculators reduced their
positions on weak cues from spot markets.
Adequate stocks availability in physical markets on account of higher supply from producing
belts put pressure on cardamom prices in futures trade, analysts said.
At the Multi Commodity Exchange, cardamom for delivery in August declined by Rs 9.70, or
1.28 per cent, to Rs 745.30 per kg in business turnover of 1,752 lots.
Similarly, the spice for delivery in September traded lower by Rs 7.70, or 0.98 per cent, to Rs
776.10 per kg in 227 lots.
Coriander futures prices gained 2.51 per cent to Rs 6,035 per quintal today as speculators enlarged their
positions, supported by pick-up in spot demand.
The trading sentiment improved further due to limited stocks position on restricted arrivals from the
major growing belts.
At the National Commodity and Derivative Exchange, coriander for July gained Rs 148, or 2.51 per cent, to Rs 6,035 per quintal, with an open interest of 470 lots.
Similarly, the spice for delivery in August traded higher by Rs 91, or 1.53 per cent, to Rs 6,044 per quintal, with an open interest of 24,200 lots.
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