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REVIA NCDEX: SELL MENTHA OIL BELOW 751 TGTS 743/733 SL 757 (9977785000) WWW.RESEARCHVIA.COM
REVIA NCDEX: MENTHA OIL HIT 1ST TGT 743 CMP 741.50 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

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COMMODITY DAILY AGRO OUTLOOK 26/june/2014

CORIANDER

Coriander prices fell by 0.33 per cent to Rs 10,600 per quintal in futures trade today as speculators reduced positions amidst subdued demand in the spot markets.

At the National Commodity and Derivatives Exchange, coriander for delivery in July eased by Rs 35, or 0.33 per cent, to Rs 10,600 per quintal with an open interest of 27,560 lots.

The price for August declined by Rs 34, or 0.31 per cent, to Rs 10,908 per quintal with an open interest of 29,470 lots.

CARDAMOM

Continuing its winning streak for the fourth day in a row, cardamom prices moved up further by Rs 6.40 to Rs 944.50 per kg in futures trade today, taking positive cues from the spot markets.

Besides, tight stocks position in the physical market due to decline in arrivals from producing regions influenced cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in July added Rs 6.40, or 0.68 per cent, to Rs 944.50 per kg in business turnover of 279 lots. In a similar manner, the spice for delivery in August gained Rs 4.60, or 0.50 per cent, to Rs 920 per kg in 61 lots.

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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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