Friday, 3 January 2014

RESEARCHVIA ~ TODAY'S NCDEX TIPS 3/Jan/2014

Agro Outlook
D A I L Y
B U Z Z
Cardamom futures extended gains for the second straight day with prices surging 0.74 per cent to Rs 682.40 per kg as speculators enlarged their positions tracking firming trend at spot market on rising demand.

Further, tight stocks position in the physical market following less arrivals from producing regions also supported the uptrend. At the Multi Commodity Exchange, cardamom for delivery in January gained Rs 5, or 0.74 per cent, to Rs 682.40 per kg in business turnover of 160 lots.

Similarly, the spice for delivery in February traded higher by Rs 1.90, or 0.27 per cent, to Rs 704.70 per kg in 45 lots.

Mentha oil prices rose for the second straight session by rising 0.35 per cent to Rs 848.70 per kg in futures trade today on strong demand from consuming industries in the spot markets.

At the Multi Commodity Exchange, mentha oil for delivery in January gained Rs 3, or 0.35 per cent, to Rs 848.70 per kg in business turnover of 140 lots.

In a similar fashion, oil for delivery in February edged up by Rs 2.90, or 0.34 per cent, to Rs 858.80 per kg in 17 lots.


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