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.
Traders said speculators increasing their holdings on hopes of rise in spot market demand against restricted arrivals of the commodity in the physical market.
Cardamom prices fell by 0.79 per cent to Rs 777.30 per kg in futures trade today as speculators booked profits at prevailing levels driven by subdued demand in the spot market.
Further, adequate stocks availability in the spot market following fresh arrivals also put pressure On the prices.
At the Multi Commodity Exchange, cardamom prices for delivery in November declined by Rs 6.20, or 0.79 per cent, to Rs 777.30 per kg with a business turnover of 88 lots.
Likewise, the spice prices for delivery in October shed Rs 4.30, or 0.58 per cent, to Rs 736.30 per kg in 454 lots.
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