Friday, May 16, 2014

DAILY COMMODITY MCX NCDEX REPORT 16 MAY 2014

Agro Outlook
D A I L Y B U Z Z

Cardamom prices rose by 2.89 per cent to Rs 1,129.90 per kg on Thursday in futures trade on
pick-up in demand in spot markets amid low stocks.

At the Multi Commodity Exchange, cardamom for May delivery surged by Rs 31.80, or 2.89 per
cent, to Rs 1,129.90 per kg in a business volume of 12 lots. Spice prices for June contract rose by
Rs 4.40, or 0.44 per cent, to Rs 1,001 per kg in a business volume of 638 lots.

Traders said a firming trend at the spot markets on the back of pick-up in demand led to the rise
in cardamom prices in futures market.

Base Metals & Energy
D A I L Y B U Z Z

Crude oil futures on Thursday fell by 0.28 per cent to Rs 6,077 per barrel as speculators trimmed positions amid a weak trend in Asian trade. At the Multi Commodity Exchange, crude oil for delivery in May fell by Rs 17, or 0.28 per cent, to Rs 6,094 per barrel in 495 lots.

Besides, oil for June delivery moved down by Rs 14, or 0.23 per cent, to Rs 6,072 per barrel in 48 lots.
Analysts said the fall in crude prices at futures trade was primarily after it fell in the Asian trade,
following a rally in the previous session.

Meanwhile, West Texas Intermediate crude for June delivery shed 33 cents to $102.04 a barrel in mid-morning trade on the New York Mercantile Exchange.



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