Monday, 2 June 2014

AGRO OUTLOOK FOR 02 JUNE 2014

Agro Outlook
DAILY BUZZ
CARDAMOM
Cardamom prices rose by Rs 8.70 to Rs 921 per kg in futures trade today, largely in tandem with a firming trend in spot markets on rising demand amid restricted arrivals.
 

On the Multi Commodity Exchange, cardamom for July delivery surged by Rs 8.70, or 0.95 per cent, to Rs 921 per kg in a business volume of 171 lots.
 

The spice for delivery in June gained Rs 2.40, or 0.26 per cent, to Rs 910 per kg in a business volume of 198 lots.

CHANA
Chana prices rose by 1.17 per cent to Rs 2,855 per quintal in futures trade today as traders enlarged their holdings driven by rising demand in spot markets.
 

At the National Commodity and Derivatives Exchange, chana for June delivery rose by Rs 33, or 1.17 per cent, to Rs 2,855 per quintal, with an open interest for 92,170 lots.
 

Similarly, chana for delivery in July increased by Rs 32, or 1.11 per cent, to Rs 2,918 per quintal, with an open interest of 1,08,490 lots.


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