Base Metals & Energy
D A I L Y B U Z Z
COPPER
Copper prices moved down by 0.39 per cent to Rs 459.45 per kg in futures trade today as speculators
offloaded their positions taking negative cues from overseas markets.
At the Multi Commodity Exchange, copper for delivery in February declined by Rs 1.80, or 0.39 per cent, to Rs 459.45 per kg in a business turnover of 6,758 lots. Similarly, the metal for delivery in April traded lower by Rs 1.75, or 0.38 per cent, to Rs 464.10 per kg in 188 lots.
Market analysts attributed the fall in copper futures to a weak global trend on speculation that demand
in China, the world's biggest consumer, will slowdown ahead of the Lunar New Year holidays.
Meanwhile, copper for delivery in three months lost 0.3 per cent to $7,313.75 a tonne at the London
Metal Exchange.
Agro Outlook
CORIANDER CARDAMOM
D A I L Y B U Z Z
CORIANDER
Amid rising domestic demand and restricted arrivals from producing regions, coriander prices rose by 1.87 per cent to Rs 9,468 per quintal in futures trade today as speculators enlarged positions.
At the National Commodity and Derivative Exchange, coriander for delivery in April rose by Rs
174, or 1.87 per cent, to Rs 9,468 per quintal with an open interest of 21,560 lots. Similarly, spice
for delivery in February moved up by Rs 111, or 1.32 per cent, to Rs 8,547 per quintal in 34,310 lots.
JEERA
Jeera prices slipped by 0.53 per cent to Rs 12,680 per quintal in futures market today as
speculators trimmed positions on sluggish demand in the spot market against adequate supplies.
At the National Commodity and Derivatives Exchange, jeera for delivery in March slipped by Rs
67.50, or 0.53 per cent, to Rs 12,680 per quintal with an open interest of 7,284 lots. Likewise,
spice for delivery in April traded lower by Rs 62.50, or 0.49 per cent, to Rs 12,757.50 per quintal
in 2,301 lots.
