Agro Outlook
CARDAMOM
Cardamom prices fell by 0.64 per cent on Tuesday 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. 847.80 per kg, down by 0.64 per cent, after opening at Rs. 852.90 against the previous closing price of Rs. 853.30. It touched the intra-day low of Rs. 845 till the trading. (At 10.42 AM today). Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued demand for the commodity.
MENTHA OIL
Mentha oil prices rose by 0.25 per cent on Tuesday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for November 2014 contract, at MCX, were trading at Rs. 682 per kg, up by 0.25 per cent after opening at Rs. 679 against the previous closing price of Rs. 680.30. It touched the intra-day high of Rs. 682.60 till the trading. (At 2.45 PM today).
D A I L Y B U Z Z
Cardamom prices fell by 0.64 per cent on Tuesday 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. 847.80 per kg, down by 0.64 per cent, after opening at Rs. 852.90 against the previous closing price of Rs. 853.30. It touched the intra-day low of Rs. 845 till the trading. (At 10.42 AM today). Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued demand for the commodity.
MENTHA OIL
Mentha oil prices rose by 0.25 per cent on Tuesday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for November 2014 contract, at MCX, were trading at Rs. 682 per kg, up by 0.25 per cent after opening at Rs. 679 against the previous closing price of Rs. 680.30. It touched the intra-day high of Rs. 682.60 till the trading. (At 2.45 PM today).
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