RESEARCHVIA - COMMODITY UPDATES AND NCDEX TIPS FOR TODAY 22/10/2013

Agro Outlook

D A I L Y

B U Z Z

Cardamom prices declined by 0.31 per cent to Rs 734.30 per kg in futures trade as speculators locked in profits at current levels amid sluggish demand in the spot market.

Adequate stocks position in the physical market following increased arrivals from the producing regions also put pressure on the cardamom prices in futures trade.

At the Multi Commodity Exchange, cardamom for delivery in November month declined by Rs 2.30, or 0.31 per cent, to Rs 734.30 per kg in business turnover of 310 lots.

Likewise, the spice for delivery in December traded lower by Rs 1.60, or 0.21 per cent, to Rs 762.10 per kg in 47 lots.

Mentha oil prices gained 0.39 per cent to Rs 868.90 per kg in futures market as speculators enlarged positions on the back of increased export as well as domestic demand in the spot

market.

At the Multi Commodity Exchange, mentha oil for delivery in November month gained Rs 3.40, or 0.39 per cent, to Rs 868.90 per kg in business turnover of 64 lots.

Similarly, the oil for delivery in October edged up by Rs 2.80, or 0.33 per cent, to Rs 855.70 per kg in 153 lots.

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