Saturday, 26 October 2013

RESEARCHVIA - COMMODITY UPDATES AND NCDEX TIPS 28/oct/2013

Agro Outlook
D A I L Y
B U Z Z
Continuing its losing streak for the fourth straight session, cardamom prices fell by 0.34 per cent to Rs 731 per kg in futures trade today owing to subdued demand in the spot market against higher supply from producing belts.

At the Multi Commodity Exchange, cardamom for delivery in November fell further by Rs 2.50, or 0.34 per cent, to Rs 731 per kg in business turnover of 178 lots.

Similarly, the spice for delivery in December shed Rs 2, or 0.24 per cent to Rs 751.50 per kg in 20 lots.

Market analysts said low demand in the spot market against supply pressure from producing belts mainly kept pressure on cardamom prices at futures trade.

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