Agri commodities namely crude palm oil and mentha oil prices in futures trading witnessed a dip during Tuesday’s trade.
Crude palm oil prices shed 0.13% to Rs 526.30 per 10 kg in futures
trade as traders reduced exposure due to lower demand in the spot market
against adequate stock positions. At the MCX, crude palm oil for
delivery in October drifted down by 70 paise or 0.13% to Rs 526.30 per
10 kg in business turnover of 9 lots.
Cardamom prices drifted lower by 1.02% to Rs 1,200 per kg as market
participants 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% to Rs 1,200
per kg in business turnover of 15 lots.
Analysts said besides profit booking by participants at existing
level, fall in demand against adequate stocks position, mainly led to
decline in cardamom prices at futures trade.
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