Wednesday, 8 October 2014

AGRO OUTLOOK REPORT UPDATE FOR 08 OCTOBER 2014

Agro Outlook
D A I L Y B U Z Z
CORIANDER
Coriander and turmeric prices fell by Rs 100 per quintal in the national capital today in view of subdued demand from retailers and stockists amid adequate stocks.
 

Coriander and turmeric prices eased by Rs 100 each to conclude at Rs 9,000-16,500 and Rs 6,400-11,000 per quintal, respectively.

Marketmen said sluggish demand from retailers and stockists against sufficient stocks pulled down coriander and turmeric prices.

CARDAMOM
Cardamom prices rose 1.86 per cent to Rs 841 per kg in futures trade today as speculators engaged in creating positions amid rising demand in the spot market.
 

Further, tight stocks position in the physical market following restricted arrivals from producing belts also supported the uptrend.

At the Multi Commodity Exchange, cardamom for November contracts rose by Rs 15.40, or 1.86 per cent, to Rs 841 per kg, with a trading volume of 529 lots.
 

The spice for delivery in October was up by Rs 8.90, or 1.08 per cent, to Rs 829.40 per kg, with a business volume of 224 lots.
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