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DAILY BUZZ

CHANA
 
Chana prices extended gains for the second straight day by adding 0.72 per cent to Rs 2,936 per quintal in futures trade today as speculators engaged in enlarging positions, driven by strong demand in the spot market.

At the National Commodity and Derivative Exchange, chana for delivery in February added Rs 21, or 0.72 per cent to Rs 2,936 per quintal with an open interest of 19,730 lots. Similarly, the commodity for delivery in April gained Rs 15, or 0.50 per cent to Rs 3,026 per quintal in 94,210 lots.

MENTHA OIL

Mentha oil prices declined by 0.20 per cent to Rs 782 per kg in futures trading today as speculators indulged in profit-booking at existing higher levels amid sluggish demand from consuming industries in the spot market. Besides, adequate stocks availability in the physical market following increased arrivals from Chandousi in Uttar Pradesh put pressure on mentha oil.

At the Multi Commodity Exchange, mentha oil for delivery in March declined by Rs 1.60, or 0.20 per cent to Rs 782 per kg in business turnover of 111 lots. Similarly, the oil for February delivery shed 40 paise, or 0.05 per cent to Rs 772.90 per kg in 247 lots.

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RESEARCHVIA DAILY NCDEX REPORT 07/feb/2014

DAILY BUZZ

CARDAMOM
 
Cardamom prices extended gains for the fourth-straight day by adding 0.54 per cent to Rs 759.60 per kg in futures trade today as speculators enlarged their positions supported by rising demand in the spot market.

Tight stocks availability in the physical market due to less arrivals from producing region further fuelled the uptrend. At the Multi Commodity Exchange, Cardamom for delivery in February gained Rs 4.10,or 0.54 per cent to Rs 759.60 per kg in business turnover of 12 lots.

In a similar fashion, the spice for delivery in March traded higher by Rs 2.80, or 0.35 per cent to Rs 807.80 per kg in 130 lots.

CORIANDER

Coriander prices fell by 1.16 per cent to Rs 8,800 per quintal in futures market today as speculators reduced their positions at existing higher levels driven by sluggish demand in the spot market. At the Multi Commodity Exchange, coriander for delivery in April fell by Rs 103, or 1.16 per cent to Rs 8,800 per quintal with an open interest of 31,400 lots.

Similarly, the spice for delivery in February declined by Rs 86, or 1.07 per cent to Rs 7,980 per quintal in 25,660 lots.

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