DAILY AGRI REPORT 24/DEC/2013

Agro Outlook

DAILY BUZZ

Chana prices fell for the fourth straight day by losing 0.23 per cent to Rs 3,019 per quintal in futures trade today on sluggish demand in the spot market against increased supplies from producing regions.

At the National Commodity and Derivatives Exchange, chana for delivery in January fell by Rs 7, or 0.23 per cent to Rs 3,019 per quintal with an open interest of 86,920 lots.

Analysts said sluggish demand in the spot market against on increased supplies from producing regions mainly kept pressure on chana prices at futures trade.

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Todays Agri Tips 16/dec/2013

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Ncdex Calls From Research Via 13/dec/2013

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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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