Thursday, 27 February 2014

NCDEX Agri Tips for February 27, 2014

CHANA
  • Chana prices rose by 0.75 per cent to Rs 3,084 per quintal in futures trade today as traders enlarged their holdings on account of good demand in the spot markets.
  • At the National Commodity and Derivatives Exchange, chana for May delivery rose by Rs 23, or 0.75 per cent, to Rs 3,084 per quintal, with an open interest for 31,100 lots.
  • Similarly, chana for delivery in April increased by Rs 21, or 0.69 per cent, to Rs 3,042 per quintal, with an open interest of 81,800 lots.
CARDAMOM
  • Cardamom prices rose 1.18 per cent to Rs 842 per kg in futures trade today as speculators created fresh positions on firm demand in the spot markets.
  • Further, restricted arrivals from producing regions also supported the uptrend.
  • At the Multi Commodity Exchange, cardamom for delivery in April rose Rs 9.90, or 1.18 per cent, to Rs 842 per kg, with a business turnover of 227 lots. Similarly, the spice for delivery in March jumped Rs 9, or 1.12 per cent, to Rs 811 per kg, with trading volume of 487 lots.

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