Friday, 27 June 2014

AGRO OUTLOOK FOR 27 JUNE 2014

Agro Outlook
DAILY BUZZ
MENTHA OIL
Mentha oil prices fell 0.39 per cent to Rs 764.70 per kg in futures trade today as speculators trimmed positions amid sluggish demand from consuming industries at the spot market.

Mentha oil for delivery in July fell by Rs 3, or 0.39 per cent, to Rs 764.70 per kg in a business turnover of 296 lots at the Multi Commodity Exchange.
 

Likewise, the oil for delivery in June shed Rs 1.40, or 0.19 per cent, to Rs 748.40 per kg in 152 lots.
 

Market analysts attributed the weakness in mentha oil futures to offloading of positions by speculators amid a sluggish demand from consuming industries in the spot market.
 

CORIANDER
Coriander prices fell by 1.03 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for June 2014 contract were trading at Rs. 10,589 per quintal, down by 1.03 per cent, after opening at Rs. 10,650 against the previous closing price of Rs. 10,699. It touched the intra-day low of Rs. 10,515 till the trading.


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