Daily Agri Report - Agro outlook 11/dec/2013

Agro Outlook

DAILY  BUZZ

Cardamom prices fell by Rs 12.70 to Rs 615.30 per kg in futures trade today due to the adequate stocks availability in the physical market on account of higher supply from the producing belts.

 
Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued demand for the commodity.

 
At the Multi Commodity Exchange, cardamom for delivery in December declined Rs 12.70, or 2.02 per cent, to Rs 615.30 per kg in a business turnover of 3 lots. 


Similarly, the spice for delivery in January traded lower by Rs 1.30, or 0.18 per cent, to Rs 719.80 per kg with trading volume of 249 lots.

 
Market analysts said offloading of positions by traders amid a weak spot market trend on subdued demand mainly led to a fall in cardamom futures prices.

 
Adequate stocks position in the physical market also influenced trading in cardamom prices, they said.

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