Agro Outlook
D A I L Y
B U Z Z
Mentha oil prices rose by 0.49 per cent to Rs 839.90 per kg in futures trade today due to the increased domestic as well as exports demand.
The trading sentiment improved further as traders engaged in creating positions on account of higher demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh.
At the Multi Commodity Exchange, mentha oil for delivery in February rose by Rs 4.10, or 0.49 per cent, to Rs 839.90 per kg, clocking a business volume of 40 lots.
The oil for January contract traded higher by Rs 4, or 0.48 per cent, to Rs 828 per kg, with a trading volume of 283 lots.
Cardamom prices rose 2.36 per cent to Rs 724.40 per kg in futures trade today after traders and speculators created fresh positions in the commodity due to higher demand at the spot market on hopes of improved export demand.
The sentiment improved further on restricted supplies and increased demand also supported the uptrend. On the Multi Commodity Exchange, cardamom for the January contract rose by Rs 16.70, or 2.36 per cent, to Rs 724.40 per kg with a trading volume of 96 lots.
The spice for delivery in February higher by 0.50 paise, or 0.07 per cent, to Rs 713.20 per kg,
with a business volume of 534 lots.
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