REVIA ~ NCDEX TIPS FOR TODAY 22/1/2014

Agro Outlook

D A I L Y

B U Z Z

CORIANDER

Coriander prices surged by 3.73 per cent to Rs 9,270 per quintal in futures trading today as speculators enlarged their positions on upsurge in spot market demand.

At the National Commodity and Derivative Exchange, coriander for delivery in April jumped by Rs 333, or 3.73 per cent, to Rs 9,270 per quintal with an open interest of 19,570 lots.

Similarly, the spice for delivery in February shot up by Rs 276, or 3.40 per cent, to Rs 8,388 per quintal in 31,650 lots.

CARDAMOM

Cardamom remained higher for the second straight day and prices added 0.46 per cent to Rs 740.30 per kg in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on rising demand. Tight supplies in the physical market following less arrivals from producing belt also influenced cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in March added Rs 3.40, or 0.46 per cent, to Rs 740.30 per kg in a business turnover of 50 lots. Likewise, the spice for delivery in February edged up by 90 paise, or 0.13 per cent, to Rs 709 per kg in 45 lots.

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