Thursday 21 September 2017

Agri-Commodity: Mentha oil, Crude Oil, Cardamom Rise on Robust Demand

Mentha oil prices rose through some other 0.10 per cent to Rs 1,181.40 per kg in futures trading nowadays as participants engaged in building of positions on the again of rising demand from consuming industries within the spot market.
on the Agri Commodity trade, mentha oil for delivery September rose via Rs 1.20, or 0.10 per cent to Rs 1,181.forty per kg in trade turnover of 163 a lot.Likewise, the oil for supply in October edged up via 70 paise, or 0.06 per cent to Rs 1,194.50 per kg in 60 quite a bit.
Analysts said widening of positions through merchants on the again of strong demand from industries in the physical market against constrained provides from Chandausi, primarily stored mentha oil prices greater at futures alternate.
Crude palm oil 
Crude palm oil costs advanced by way of 0.62 per cent to Rs 539.30 per 10 kg in futures change these days as speculators engaged in enlarging positions, tracking a firm pattern at spot market on rising demand.

At the Multi Commodity trade, crude palm oil for delivery in October rose via Rs 3.30, or 0.62 per cent to Rs 539.30 per 10 kg in trade turnover of 222 loads.In a similar way, the oil for delivery in September contracts edged up through Rs 2.10, or 0.39 per cent to Rs 542 per 10 kg in 145 a lot.
Analysts mentioned widening of positions via individuals on the again of robust demand in the spot market in opposition to constrained provides from producing areas, mainly kept crude palm oil costs greater at futures change.
Cardamom 
Cardamom prices edged higher via 0.50 per cent to Rs 1,144.50 per kg in futures market nowadays as speculators constructed up fresh positions amid uptick well-liked within the spot market.
On the Multi Commodity exchange, cardamom for supply in October rose with the aid of Rs 5.70, or 0.50 per cent to Rs 1,144.50 per kg in business turnover of 5 rather a lot
In a similar fashion, the spice for supply in November contracts won Rs 3.10, or 0.28 per cent to Rs 1,120 per kg in forty four a lot.
Analysts attributed the upward push in cardamom futures to fresh positions created with the aid of traders because of pick up favourite in the bodily market, mainly influenced cardamom prices at futures trade.
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