Friday, 13 June 2014

AGRO OUTLOOK FOR 13 JUNE 2014

Agro Outlook
DAILY BUZZ
CARDAMOM
Cardamom prices fell 1.60 per cent to Rs 940 per kg in futures trading today as speculators booked profits at prevailing levels amid subdued demand in the spot market against adequate stocks position.
 

At the Multi Commodity Exchange, cardamom for delivery in June declined by Rs 15.30, or 1.60 per cent to Rs 940 per kg in business turnover of 4 lots.
 

Market analysts said besides profit-taking by speculators at existing levels, weak demand in the spot market against adequate stocks position, mainly led to the fall in cardamom prices at futures trade.
 

CHANA
Chana remained firm for the second day and prices advanced by 1.18 per cent to Rs 2,740 per quintal in futures trading today as speculators engaged in creating positions amid rising demand in spot markets.
 

Besides, restricted arrivals from producing regions also supported the uptrend.
 

At the National Commodity and Derivatives Exchange, chana for delivery in June added Rs 32, or 1.18 per cent to Rs 2,740 per quintal with an open interest of 3,590 lots.


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