Agro Outlook
D A I L Y B U Z Z
CORIANDER
Coriander prices fell by 0.61 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for September 2014 contract were trading at Rs. 11,763 per quintal, down by 0.61 per cent, after opening at Rs. 11,857 against the previous closing price of Rs. 11,835. It touched the intra-day low of Rs. 11,715 till the trading.
CARDAMOM
Cardamom prices fell by 1.46 per cent on Monday at the Multi Commodity Exchange (MCX) due to the adequate stocks availability in the physical market on account of higher supply from the producing belts of Chandausi in Uttar Pradesh. At MCX, Cardamom futures for September 2014 contract were trading at Rs. 971.1 per kg, down by 1.46 per cent, after opening at Rs. 978 against the previous closing price of Rs. 985.5. It touched the intra-day low of Rs. 967.10 till the trading. (At 11.10 AM today). Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued demand for the commodity. Kerala (70 per cent), Karnataka (20 per cent) and Tamil Nadu (10 per cent) are the cardamom growing states in India while about 90 per cent of the produce is consumed within the nation.
