Thursday, 6 February 2014

NCDEX Tips for February 6, 2014

Agro Outlook

CARDAMOM

Cardamom prices rose 2.06 per cent to Rs 823.80 per kg in futures trade today after traders and speculators created fresh positions on strong spot demand. Besides, hopes of a pick up in export demand also supported the upside. At the Multi Commodity Exchange, Cardamom for March contract rose by Rs 16.70, or 2.06 per cent, to Rs 823.80 per kg with a trading volume of 1,009 lots. The spice for delivery in February traded higher by Rs 9.90, or 1.29 per cent, to Rs 771.90 per kg, with a business volume of 519 lots. 

CORIANDER

Coriander prices rose by 0.76 per cent to Rs 8,940 per quintal in futures trade today as speculators enlarged their holdings on firming spot markets trend. The trading sentiment improved further following limited stocks on restricted arrivals from major growing belts. DHANIYA At the National Commodity and Derivative Exchange, coriander for April delivery rose by Rs 67, or 0.76 per cent, to Rs 8,940 per quintal, with an open interest of 30,590 lots


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