Tuesday, June 21, 2011

MCX NCDEX Agri Commodity (Pepper, Cardamom) news & Tips

Pepper futures have surged on Tuesday on the back of some short covering. Technical cues at strong support levels too have helped the prices. Cardamom futures increased by sharply even further on the back of strong spot market demand up against restricted arrivals right from producing belts. MCX cardamom ended the very last session much higher by 4% on the very last trading session.

The contract for Pepper July delivery was trading at Rs 29473.00, up by 1.29% or Rs 376.00 from its previous closing of Rs 29097.00. The open interest of the contract stood at 7370 lots. 
The contract for Pepper August delivery was trading at Rs 29440.00, up by 1.28% or Rs 373.00 from its previous closing of Rs 29067.00. The open interest of the contract stood at 1338 lots on NCDEX.

MCX Cardamom with regard to the July contract increased further in present-day trading session with the contract soaring by Rs 21.20 to the session raised of Rs 868.50 a kg. The contract is now trading much higher at Rs 868.50 and also the open interest added by 1.07% to 2,079 lots. Volume traded nowadays remained at 814 lots.

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