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MARKET DEVELOPMENT
Agri-commodity: Crude palm oil, cardamom fall; mentha oil rises
calendar05-09-2017 | linketmarkets.com | Share This Post:

05/09/2017 (etmarkets.com) - Crude palm oil prices shed 0.13 per cent to Rs 526.30 per 10 kg in futures trade today as traders reduced exposure due to lower demand in the spot market against adequate stocks position.

At the Multi Commodity Exchange, crude palm oil for delivery in October drifted down by 70 paise, or 0.13 per cent to Rs 526.30 per 10 kg in business turnover of 9 lots.

Likewise, the oil for delivery in September contracts was trading lower by Rs 60 paise, or 0.11 per cent to Rs 526.50 per 10 kg in 124 lots.

Market analysts said offloading of positions by participants owing to slackened demand in the physical market against adequate stocks position mainly weighed on crude palm oil prices at futures trade.

Cardamom
Cardamom prices drifted lower by 1.02 per cent to Rs 1,200 per kg in futures market today as speculators reduced their exposure amid easing demand in the spot market against adequate stocks.

At the Multi Commodity Exchange, cardamom for delivery in September fell by Rs 12.40, or 1.02 per cent to Rs 1,200 per kg in business turnover of 15 lots.