Agro Outlook
Castorseed prices fell by 1.28 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates.
At the NCDEX, castor seed futures for November 2014 contract was trading at Rs. 4,703 per quintal tonnes, down by 1.28 per cent, after opening at Rs. 4,739 against the previous closing price of Rs. 4,764. It touched the intra-day low of Rs. 4,680 till the trading. (At 12.20 PM today).
CARDAMOM
Cardamom prices fell by 0.35 per cent on Monday at the Multi Commodity Exchange (MCX) dueto the adequate stocks availability in the physical market on account of higher supply from the producing belts of Chandausi in Uttar Pradesh.At MCX, Cardamom futures for November 2014 contract were trading at Rs. 873.20 per kg, down by 0.35 per cent, after opening at Rs. 875 against the previous closing price of Rs. 876.30. It touched the intra-day low of Rs. 869.90 till the trading. (At 10.45 AM today). Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued demand for the commodity.
D A I L Y B U Z Z
CASTOR SEEDCastorseed prices fell by 1.28 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates.
At the NCDEX, castor seed futures for November 2014 contract was trading at Rs. 4,703 per quintal tonnes, down by 1.28 per cent, after opening at Rs. 4,739 against the previous closing price of Rs. 4,764. It touched the intra-day low of Rs. 4,680 till the trading. (At 12.20 PM today).
CARDAMOM
Cardamom prices fell by 0.35 per cent on Monday at the Multi Commodity Exchange (MCX) dueto the adequate stocks availability in the physical market on account of higher supply from the producing belts of Chandausi in Uttar Pradesh.At MCX, Cardamom futures for November 2014 contract were trading at Rs. 873.20 per kg, down by 0.35 per cent, after opening at Rs. 875 against the previous closing price of Rs. 876.30. It touched the intra-day low of Rs. 869.90 till the trading. (At 10.45 AM today). Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued demand for the commodity.
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