DAILY AGRI OUTLOOK 20/june/2014

DAILY BUZZ

MENTHA OIL

Mentha oil prices fell further by 0.25 per cent to Rs 767.10 per kg in futures trading today after participants reduced exposures amidst sluggish demand in the spot market.

At the Multi Commodity Exchange, mentha oil for delivery in June eased by Rs 1.90, or 0.25 per cent, to Rs 767.10 per kg in business turnover of 501 lots.

Likewise, the oil for delivery in July contract shed Rs 1.60, or 0.20 per cent, to Rs 780.50 per kg in 296 lots.

Analysts said apart from weak trend at spot market on sluggish demand from consuming industries adequate stocks position on increased arrivals from Chandausi in Uttar Pradesh mainly influenced mentha oil prices in futures trade. 

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DAILY AGRO OUTLOOK 06/june/2014

DAILY BUZZ

CARDAMOM

Cardamom extended losses for the second day with prices falling 3 per cent to Rs 870.80 per kg in futures trade today as speculators engaged in trimming positions, tracking a weak trend at spot market on sluggish demand.

At the Multi Commodity Exchange, cardamom for delivery in June plunged by Rs 26.90, or 3 per cent to Rs 870.80 per kg in business turnover of 123 lots.

In a similar fashion, the spice for delivery in July contract traded lower by Rs 10.10, or 1.13 per cent to Rs 885 per kg in 270 lots.

Market analysts said besides sluggish demand in the spot market against adequate stocks position, mainly pulled down cardamom prices at futures trade.

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