Agro Outlook
D A I L Y B U Z Z
CARDAMOM
Cardamom futures rose nearly three per cent to Rs 841.50 per kg in futures trade today as speculators enlarged positions driven by rising demand in spot markets amid thin arrivals.
At the Multi Commodity Exchange, cardamom for delivery in March rose by Rs 24.50, or 2.99 per cent, to Rs 841.50 per kg, with a business turnover of 926 lots.
The delivery in February also up by Rs 22.50, or 2.86 per cent, to Rs 809.20 per kg, with a trading volume of 677 lots.
CORIANDER
Coriander prices rose by 1.13 per cent to Rs 8,173 per quintal in futures trade today as speculators enlarged their positions supported by rising demand in the spot markets amid limited stocks on account of restricted arrivals from the major growing belts.
Sentiment improved further as the investors enlarged theirAt the National Commodity and Derivative Exchange, coriander for February delivery gained Rs 91, or 1.13 per cent, to Rs 8,173 per quintal with an open interest of 27,900 lots.
Similarly, the spice for delivery in April traded higher by Rs 37, or 0.42 per cent, to Rs 8,920 per quintal, with an open interest of 27,060 lots.
Base Metals & Energy
D A I L Y B U Z Z
CRUDE OIL
Crude oil futures traded 0.61 per cent higher at Rs 6,112 per barrel today as speculators created fresh positions amid a firm trend in Asia.
At the Multi Commodity Exchange, Crude oil for delivery in February gained Rs 37, or 0.61 per cent, to Rs 6,112 per barrel, with a business turnover of 2,764 lots.
Oil for March delivery moved up by Rs 35, or 0.58 per cent, to Rs 6,102 per barrel, with a business volume of 171 lots. Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asia as extra cold weather in the United States bolstered demand for heating fuel.
Meanwhile, crude oil for March delivery advanced by 40 cents to $97.59 a barrel in midmorning trade at the New York Mercantile Exchange.
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