Thursday, 17 April 2014

NCDEX Agri Tips for April 17, 2014

DAILY BUZZ
JEERA 

  • Jeera remained higher for the second straight day and prices advanced by 0.76 per cent to Rs 9,940 per quintal in futures trade today as speculators enlarged positions. 
  • At the National Commodity and Derivatives Exchange, jeera for delivery in April gained Rs 75, or 0.76 per cent, to Rs 9,940 per quintal with an open interest of 270 lots. 
  • Similarly, the spice for delivery in May traded higher by Rs 65, or 0.65 per cent, to Rs 10,050 per quintal in 9,921 lots. 

CARDAMOM 

  • Continued its rising streak for the third-straight day in line with a firming trend at spot markets, Cardamom gained another 0.32 per cent to Rs 914.80 per kg in futures trade today as speculators enlarged positions. 
  • Tight stocks following restricted arrivals from producing regions also supported the upside. 
  • At the Multi Commodity Exchange, cardamom for delivery in May rose Rs 2.90, or 0.32 per cent, to Rs 914.80 per kg in business turnover of 133 lots. 
  • Similarly, the spice for delivery in June traded higher by Rs 2.90, or 0.31 per cent, to Rs 943.10 per kg in 35 lots. 

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