Agro Outlook
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Cardamom prices rose 1.46 per cent to Rs 798 per kg in futures trade on Wednesday as traders enlarged positions driven by pick-up in spot market demand.
The tight stocks position following less arrivals from producing regions also influenced cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in in October rose by Rs 11.50, or 1.46 per cent, to Rs 798 per kg, with a business turnover of 315 lots.
Similarly, the spice for delivery in November edged up by Rs 6.80, or 0.83 per cent, to Rs 823.50 per kg with a business turnover of 34 lots.
Mentha oil futures prices today moved down by 0.70 per cent to Rs 886 per kg due to higher supplies from producing regions against lower demand from pharmaceutical units.
Adequate stocks following higher supplies from producing region in the physical market also kept pressure on mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in September declined by Rs 6.30, or 0.70 per cent, to Rs 886 per kg in business turnover of 248 lots. Likewise, the oil for delivery in October traded lower by Rs 2.80, or 0.30 per cent, to Rs 902.70 per kg in 37 lots.
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