AGRO OUTLOOK REPORT FOR 01/10/2014

Agro Outlook

D A I L Y B U Z Z

CASTORSEED
Castorseed prices fell by 0.39 per cent on Tuesday 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 October 2014 contract was trading at Rs. 4,543 per quintal tonnes, down by 0.39 per cent, after opening at Rs. 4,60 against the previous closing price of Rs. 4,561. It touched the intra-day low of Rs. 4,527 till the trading.

CARDAMOM
Cardamom prices fell by 1.36 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 Ocober 2014 contract were trading at Rs. 841.40 per kg, down by 1.36 per cent, after opening at Rs. 847 against the previous closing price of Rs. 853. It touched the intra-day low of Rs. 838.50 till the trading. (At 10.40 AM today).

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