Tuesday, July 15, 2014


Agro Outlook
D A I L Y B U Z Z 

Castorseed prices declined by 1.36 per cent to Rs 4,433 per quintal in futures trading today as traders preferred to offload holding on higher levels in line with weak global and physical market cues. 

At the National Commodity and Derivatives Exchange, castorseed prices for September contract declined by Rs 61, or 1.36 per cent, to Rs 4,433 per quintal, clocking an open interest of 67,290 
lots. On the other hand, August contracts plummeted by Rs 57, or 1.30 per cent, to Rs 4,316 per 
quintal, with an open interest of 2,63,810 lots. 

July contracts also eased marginally by Rs 4, or 0.09 per cent, to Rs 4,250 per quintal, with an open interest of 25,110 lots. 

Cardamom prices fell 1.31 per cent to Rs 907 per kg in futures trade today as speculators booked profits at prevailing levels amid subdued demand in the spot markets. Further, adequate stocks in the physical market also put pressure on cardamom prices. 

At the Multi Commodity Exchange, cardamom for delivery in September declined by Rs 12.10, or 1.31 per cent, to Rs 907 per kg, with a business turnover of 23 lots. Likewise, the spice for delivery in August shed Rs 10.90, or 1.16 per cent, to Rs 928.20 per kg with trading volume of 203 lots.