Agro Outlook
Cardamom prices fell by 0.23 per cent on Friday at the Multi Commodity Exchange (MCX) due to 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 December 2014 contract were trading at Rs. 865 per kg, down by 0.23 per cent, after opening at Rs. 869 against the previous closing price of Rs. 867. It touched the intra-day low of Rs. 863.40 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.
CASTOR SEED
Castorseed prices rose by 0.02 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At the NCDEX, castor seed futures for December 2014 contract were trading at Rs. 4,829 per quintal tonnes, up by 0.02 per cent, after opening at Rs. 4,823 against the previous closing price of Rs. 4,828. It touched the intra-day high of Rs. 4,847 till the trading. (At 12.15 PM)
D A I L Y B U Z Z
CARDAMOMCardamom prices fell by 0.23 per cent on Friday at the Multi Commodity Exchange (MCX) due to 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 December 2014 contract were trading at Rs. 865 per kg, down by 0.23 per cent, after opening at Rs. 869 against the previous closing price of Rs. 867. It touched the intra-day low of Rs. 863.40 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.
CASTOR SEED
Castorseed prices rose by 0.02 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At the NCDEX, castor seed futures for December 2014 contract were trading at Rs. 4,829 per quintal tonnes, up by 0.02 per cent, after opening at Rs. 4,823 against the previous closing price of Rs. 4,828. It touched the intra-day high of Rs. 4,847 till the trading. (At 12.15 PM)
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