Thursday, May 8, 2014

DAILY NCDEX COMMODITY MENTHA OIL TIPS & CARDAMOM UPDATE 08 MAY 2014

Agro Outlook
D A I L Y B U Z Z 
MENTHA OIL 
Extending gains for the fourth straight day, mentha oil prices advanced by 0.26 per cent to Rs 855 per kg in futures trade today as speculators engaged in enlarging positions on the back of upsurge in spot demand.

At the Multi Commodity Exchange, mentha oil for delivery in May gained Rs 2.20, or 0.26 per cent, to Rs 855 per kg in business turnover of 159 lots.

Likewise, the oil for delivery in June contract traded higher by Rs 1.80, or 0.21 per cent, to Rs 864.50 per kg in business turnover of 159 lots.

Likewise, the oil for delivery in June contract traded higher by Rs 1.80, or 0.21 per cent, to Rs 864.50 per kg in 55 lots.

CARDAMOM 
Amid pick up in domestic and export demand, cardamom prices gained for the second day by adding 0.48 per cent to Rs 986.50 per kg in futures trade today as enlarged positions.

At the Multi Commodity Exchange, cardamom for delivery in May added Rs 4.70, or 0.48 per cent to Rs 986.50 per kg in business turnover of 53 lots. 

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