Tuesday, 17 June 2014

AGRO OUTLOOK FOR 17 JUNE 2014

Agro Outlook
DAILY BUZZ
CARDAMOM
Cardamom prices eased 0.60 per cent to Rs 924 per kg in futures trading today as speculators trimmed positions amid sluggish domestic demand and increased supplies from producing regions.
 

At the Multi Commodity Exchange, cardamom for delivery in July traded lower by Rs 5.60, or 0.60 per cent, to Rs 924 per kg in a business turnover of 209 lots.
 

Likewise, the spice for delivery in August shed Rs 1.30, or 0.14 per cent, to Rs 896.90 per kg in 19 lots.
 

CORIANDER
Coriander prices spurted three per cent to Rs 10,166 per quintal in futures trade today as speculators created fresh positions on strong domestic demand in the spot market.
 

At the National Commodity and Derivative Exchange, coriander for delivery in June climbed by Rs 296, or three per cent, to Rs 10,166 per quintal with an open interest of 1,240 lots.
 

In a similar fashion, the spice for delivery in July shot up by Rs 226, or 2.19 per cent, to Rs 10,541 per quintal in 33,400 lots.


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