DAILY BUZZ
CARDAMOM
Cardamom prices drifted 0.18 per cent to Rs 725 per kg in futures market today as speculators lightened positions amid sluggish demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery in January declined by Rs 1.30, or 0.18 per cent, to Rs 725 per kg in business turnover of 18 lots.
Similarly, the spice for delivery in February shed 80 paise, or 0.11 per cent, to Rs 711.30 per kg in 71 lots. Market analysts said offloading of positions by speculators triggered by subdued demand in the spot market against adequate stocks position mainly led to decline in cardamom prices at futures trade.
SUGAR
Sugar futures rose on Wednesday to their highest in a week on expectation the government will give incentives to mills to produce raw sugar for exports.
At 0830 GMT, the key February contract was up 0.4 per cent at Rs 2,754 ($44.73) per 100 kg on the National Commodity and Derivatives Exchange. It rose to Rs 2,758 earlier in the day, the highest level since January 8.
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