NCDEX Agri Tips for March 27, 2014

DAILY BUZZ

MENTHA OIL

• Mentha oil remained weak for the second straight day and prices fell further by 0.93 per cent to Rs 885.80 per kg in futures trade today on sluggish demand from consuming industries in the spot market.

• At the Multi Commodity Exchange, mentha oil for delivery in March fell further by Rs 8.30, or 0.93 per cent to Rs 885.80 per kg in business turnover of 115 lots.

• Similarly, the oil for delivery in April traded lower by Rs 8.30, or 0.92 per cent to Rs 896.80 per kg in 98 lots.

CARDAMOM

• Cardamom futures extended losses for the second straight day by losing 0.14 per cent to Rs 866.30 per kg in futures trade today as speculators reduced positions due to low demand in the spot market against higher supplies. 

• At the Multi Commodity Exchange, cardamom for delivery in May declined by Rs 1.20, or 0.14 per cent to Rs 866.30 per kg in business turnover of 166 lots.

• Similarly, the spice for delivery in April shed 90 paise, or 0.11 per cent to Rs 846.70 per kg in 295 lots.

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