Monday, 4 August 2014

AGRO OUTLOOK FOR 04 AUGUST 2014

Agro Outlook
D A I L Y B U Z Z
CARDAMOM
Cardamom remained weak and prices fell further by 0.60 per cent to Rs 918 per kg in futures trading today as speculators engaged in reducing positions amid sluggish demand in the spot market.
 

At the Multi Commodity Exchange, cardamom for delivery in August declined further by Rs 5.50, or 0.60 per cent, to Rs 918 per kg in a business turnover of 127 lots.
 

Likewise, the spice for delivery in September traded lower by Rs 2.20, or 0.25 per cent, to Rs 881.50 per kg in 26 lots. Market analysts attributed the persistent fall in cardamom futures to low demand in the spot market against higher supplies from producing region.

MENTHA OIL
Mentha oil prices moved up by 0.23 per cent to Rs 707.10 per kg in futures trade today as speculators created fresh positions amid pick-up in domestic and export demand in the spot market.

At the Multi Commodity Exchange, mentha oil for delivery in August gained Rs 1.60, or 0.23 per cent, to Rs 707.10 per kg in a business turnover of 164 lots.
 

Similarly, the oil for delivery in September edged up by Rs 1.20, or 0.17 per cent, to Rs 719.50 per kg in 30 lots.


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