Wednesday, 26 February 2014

NCDEX Agri Tips for February 26, 2014

CHANA
  • Chana remained higher for the second straight day and prices rose further by Rs 10 to Rs 3,072 per quintal in futures traded today as speculators enlarged positions, supported by rising demand in the spot market.
  • At the National Commodity and Derivative Exchange, chana for delivery in May added Rs 10, or 0.33 per cent to Rs 3,072 per quintal with an open interest of 30,710 lots. 
  • On the similar lines, the commodity for delivery in April traded higher by Rs 9, or 0.30 per cent to Rs 3,032 per quintal in 82,570 lots.
CARDAMOM
  • Cardamom prices fell by 0.63 per cent to Rs 777 per kg in futures trading today as speculators offloaded positions amid sluggish demand at prevailing higher levels in the spot market.
  • Adequate stocks position in the physical market due to increased arrivals from producing belts also weighed on cardamom futures.
  • At the Multi Commodity Exchange, cardamom for delivery in March fell by Rs 4.90, or 0.63 per cent to Rs 777 per kg in business turnover of 169 lots.
  •  Similarly, the spice for delivery in April shed Rs 4.20, or 0.52 per cent to Rs 807.90 per kg in 88 lots.
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