NCDEX Tips for February 7, 2014

DAILY BUZZ

CARDAMOM

• Cardamom prices extended gains for the fourth-straight day by adding 0.54 per cent to Rs759.60 per kg in futures trade today as speculators enlarged their positions supported by rising demand in the spot market.

• Tight stocks availability in the physical market due to less arrivals from producing region further fuelled the uptrend. At the Multi Commodity Exchange, Cardamom for delivery in February gained Rs 4.10,or 0.54 per cent to Rs 759.60 per kg in business turnover of 12 lots.

• In a similar fashion, the spice for delivery in March traded higher by Rs 2.80, or 0.35 per cent to Rs 807.80 per kg in 130 lots.

CORIANDER

• Coriander prices fell by 1.16 per cent to Rs 8,800 per quintal in futures market today as speculators reduced their positions at existing higher levels driven by sluggish demand in the spot market. 

• At the Multi Commodity Exchange, coriander for delivery in April fell by Rs 103, or 1.16 per cent to Rs 8,800 per quintal with an open interest of 31,400 lots.

• DHANIYA Similarly, the spice for delivery in February declined by Rs 86, or 1.07 per cent to Rs 7,980 per quintal in 25,660 lots.

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