AGRO OUTLOOK FOR 28 MAY 2014

Agro Outlook
                                                            DAILY BUZZ
CARDAMOM
Cardamom futures prices drifted by Rs 5.10 to Rs 943 per kg today after speculators booked
profits at prevailing higher levels, amidst sluggish demand in spot markets against sufficient
stocks position.
At the Multi Commodity Exchange, cardamom for July contract eased by Rs 5.10, or 0.53 per
cent, to Rs 943 per kg, with a business turnover of 16 lots.
The spice for delivery in June fell by Rs 4.40, or 0.45 per cent, to Rs 961.10 per kg, with a trading
volume of 69 lots.
 
TURMERIC
Turmeric prices fell by 1.04 per cent to Rs 6,280 per quintal in futures trade today as speculators
reduced positions amidst sluggish demand in spot market, against adequate supplies from
producing belts.
At the National Commodity and Derivatives Exchange, turmeric for delivery in July declined by
Rs 66, or 1.04 per cent, to Rs 6,280 per quintal with an open interest of 2,710 lots.
DHANIYA
In a similar fashion, the spice for delivery in June traded lower by Rs 52, or 0.84 per cent, to Rs
6,136 per quintal in 13,380 lots.

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