Tuesday, 18 February 2014

NCDEX Tips for February 18,2014

DAILY BUZZ

CARDAMOM

  • Cardamom prices rose 0.53 per cent to Rs 808.90 per kg in futures trade today as speculators created fresh positions on firm spot market demand.
  • Further, restricted arrivals from producing regions also supported the uptrend.
  • At the Multi Commodity Exchange, cardamom for delivery in April rose Rs 4.30, or 0.53 per cent, to Rs 808.90 per kg, with a business turnover of 61 lots. 
  • Similarly, the spice for delivery in March jumped Rs 4.10, or 0.52 per cent, to Rs 402 per kg, with trading volume of 402 lots.
  • Traders said rising demand in the spot market against less arrivals from producing regions mainly led to an upsurge in cardamom futures prices.

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