Agro Outlook
Mentha oil prices fell by 0.79 per cent on Thursday at the Multi Commodity Exchange (MCX) as a result of the increased arrivals of the commodity in the physical market from the major producing belts in Uttar Pradesh. At MCX, Mentha oil futures for June 2014 contract, at MCX, were trading at Rs. 743.90 per kg, down by 0.79 per cent after opening at Rs. 747 against the previous closing price of Rs. 749.80. It touched the intra-day low of Rs. 739.20 till the trading. (At 2.30 PM today). Sentiment weakened further as the investors indulged in profit-booking in the midst of a fall in demand in the spot market. About 80 per cent of the crop in India comes from Uttar Pradesh (Rampur, Moradabad, Bareilly, Barabanki and Badaun) and the balance 20 per cent from Punjab, Himachal Pradesh and Haryana.
CORIANDER
Coriander prices fell by 0.38 per cent on Wednesday 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. 10,595 per quintal, down by 0.38 per cent, after opening at Rs. 10,580 against the previous closing price of Rs. 10,635. It touched the intra-day low of Rs. 10,556 till the trading. (At 12.20 PM today). Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian
D A I L Y B U Z Z
CHANAMentha oil prices fell by 0.79 per cent on Thursday at the Multi Commodity Exchange (MCX) as a result of the increased arrivals of the commodity in the physical market from the major producing belts in Uttar Pradesh. At MCX, Mentha oil futures for June 2014 contract, at MCX, were trading at Rs. 743.90 per kg, down by 0.79 per cent after opening at Rs. 747 against the previous closing price of Rs. 749.80. It touched the intra-day low of Rs. 739.20 till the trading. (At 2.30 PM today). Sentiment weakened further as the investors indulged in profit-booking in the midst of a fall in demand in the spot market. About 80 per cent of the crop in India comes from Uttar Pradesh (Rampur, Moradabad, Bareilly, Barabanki and Badaun) and the balance 20 per cent from Punjab, Himachal Pradesh and Haryana.
CORIANDER
Coriander prices fell by 0.38 per cent on Wednesday 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. 10,595 per quintal, down by 0.38 per cent, after opening at Rs. 10,580 against the previous closing price of Rs. 10,635. It touched the intra-day low of Rs. 10,556 till the trading. (At 12.20 PM today). Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the market. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian
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