Tuesday, 27 May 2014

AGRO OUTLOOK FOR 27 MAY 2014

Agro Outlook
                                                             DAILY BUZZ
CARDAMOM

Cardamom prices fell by 0.74 per cent to Rs 941 per kg in futures trade today as speculators booked profits at prevailing levels, driven by subdued spot demand.
 

Adequate stocks in the physical market also put pressure on cardamom prices.
 

At the Multi Commodity Exchange, cardamom for delivery in July declined by Rs 7.10, or 0.74 per cent, to Rs 941 per kg in a business turnover of 48 lots.
 

Likewise, the spice for delivery in June shed Rs 5.50, or 0.56 per cent, to Rs 961.20 per kg with a trading volume of 147 lots.

REFINED SOYA OIL
Refined soya oil prices declined by 0.54 per cent to Rs 669.80 per 10 kg in futures trading today as speculators reduced holdings due to subdued demand in the spot market.
 

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in July declined by Rs 3.65, or 0.54 per cent, to Rs 669.80 per 10 kg with an open interest of 1,41,400 lots. Similarly, the oil for delivery in June traded lower by Rs 2.50, or 0.36 per cent, to Rs 684.20 per 10 kg in 1,30,350 lots.



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