Friday, 11 April 2014

NCDEX Agri Tips for April 11, 2014

DAILY BUZZ
CARDAMOM 
  • Cardamom prices fell 0.49 per cent to Rs 896.60 per kg in futures trade today as speculators   booked profits at prevailing levels amid subdued demand in the spot market. 
  • Also, adequate stocks availability in the physical market put pressure on the cardamom prices in futures trade.
  • At the Multi Commodity Exchange, cardamom for delivery in May declined by Rs 4.50, or 0.49 per cent, to Rs 896.60 per kg in business turnover of 238 lots.
  • Likewise, the spice for delivery in April shed Rs 1.20, or 0.12 per cent, to Rs 928 per kg with trading volume of 11 lots.
  • Market analysts said apart from profit-booking by speculators at prevailing levels, subdued demand in the spot market against adequate stocks position, kept pressure on the cardamom prices at futures trade. 

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