DAILY AGRO OUTLOOK FROM RESEARCH VIA 20/AUG/2014

DAILY BUZZ

CARDAMOM

Cardamom prices rose further by 0.28 per cent to Rs 958.40 per kg in futures trade today as speculators engaged in enlarging positions, tracking a firm trend at spot market on rising demand .

Further, tight stocks position in the physical market on restricted arrivals from producing belt fuelled the uptrend.

At the Multi Commodity Exchange, cardamom for delivery in September added another Rs 2.70, or 0.28 per cent, to Rs 958.40 per kg in business turnover of 118 lots.

Similarly, the spice for delivery in October month gained 80 paise, or 0.08 per cent, to Rs 950.10 per kg in 17 lots.

Market analysts creation of positions by speculators supported by rising demand in the spot markets mainly kept cardamom prices higher at futures trade.

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DAILY AGRI OUTLOOK 1/August/2014

DAILY BUZZ

CARDAMOM

Cardamom prices were down by 0.15 per cent to Rs 916.70 per kg in futures trade today as speculators booked profits at prevailing levels amid sluggish demand in the spot markets.

At the Multi Commodity Exchange, cardamom for delivery in August declined by Rs 1.80, or 0.20 per cent to Rs 916.70 per kg in business turnover of 73 lots.

Likewise, the spice for delivery in September contracts shed Rs 1.30, or 0.15 per cent to Rs 884.00 per kg in 15 lots.

CHANA

Chana prices declined 0.66 per cent to Rs 2,855 per quintal in futures trade today as speculators reduced exposures amidst increased supplies from producing regions in the spot market.

At the National Commodity and Derivative Exchange, chana for delivery in August moved down by 0.19, or 0.66 per cent to Rs 2,855 per quintal with an open interest of 1,18,540 lots.

Similarly, the commodity for delivery in September declined by Rs 17, or 0.57 per cent to Rs 2,943 per quintal in 93,370 lots. 

Research Via is leading advisory company which provides highly customize and accurate financial services to the clients or traders .You can avail  our free trial services for Free Ncdex Tips and Agri Commodity Tips by registering your self here http://www.researchvia.com/free-trials/  you can also contact us at 9977785000 for any query.