Agri-commodity: Low demand drags cardamom, mentha oil down

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Mentha oil prices drifted lower via 0.80 per cent to Rs 1,152 per kilogram in futures trade this present day as speculators reduce positions, driven by means of sluggish demand from industries on the commodities market. besides, plentiful stocks place on greater offers from manufacturing regions too influenced Mentha oil costs.
on the Multi commodities exchange, Mentha oil for supply this month listed lower with the aid of Rs 9.40, or 0.80 per cent, to Rs 1,152 per kg, in an enormously trade turnover of 638 tons. 

On an identical lines, the oil for supply in September declined by Rs 7.50, or 0.64 per cent, to Rs 1,166.50 per kilogram in 90 9 lots.
Analysts aforesaid offloading of positions by means of individuals thanks to subdued demand from extreme industries on the commodities market towards ample shares position on larger gives from Chandausi in Uttar Pradesh notably LED to the decline in Mentha oil prices in futures change. 

Cardamom 

Cardamom costs fell 0.95 per cent to Rs 1,085 per kilogram in futures exchange in this day and age as speculators engaged profits at prevailing levels amid easing demand within the commodities market. 

In addition to, comfy shares on higher arrivals from an important manufacturing areas too weighed on the costs. At the Multi commodities trade, cardamom for delivery in September contract fell by using Rs 10.40, or 0.95 per cent, to Rs 1,085 per kg, in an quite trade turnover of 95 tons.

In a similar way, the spice for supply in October edged down via Rs 7.87, or 0.74 per cent, to Rs 1,045.90 per kg, with mercantilism quantity of just one heap. 

Marketmen aforesaid along with profit-taking through speculators at current levels, increased arrivals from manufacturing regions, particularly place power on cardamom prices throughout the commodity trade. 

Crude oil 

Crude oil costs were higher through 0.68 per cent to Rs 486.60 per ten kilogram in futures trade at the moment as traders created latest positions, supported with the aid of gather favorite on the commodities market. 

Moreover, a tight stock position caused by fall in offers from manufacturing belts fuelled the uptrend.
At Multi commodities trade, crude oil for delivery in August rose by means of Rs 3.30, or 0.68 per cent, to Rs 486.60 per ten kilogram, in an enormously business turnover of 170 heaps.

In a similar fashion, the oil for delivery in September month went up via Rs  3.10, or 0.64 per cent, to Rs 486.80 per ten kilogram in 121 tons. 

Analysts aforesaid raise of positions by using individuals driven with the aid of pick-up in demand on the commodities market in opposition to constrained gives from manufacturing areas specifically unbroken crude oil costs higher in futures change. 

Turmeric 

Turmeric prices had been up through 0.59 per cent to Rs 7,744 per quintal in futures alternate at the present time due to transaction in home in addition as exports demand. 

Besides, constrained provides following hurt to crops due to important rains too fuelled the uptrend.
At the national goods and Derivatives exchange, turmeric for delivery in current month was once mercantilism greater via Rs 46, or 0.59 per cent, to Rs 7,744 per quintal, with associate degree open interest of 1/2 dozen,715 a lot. 

In a similar fashion, the spice for delivery in September contract increased by using Rs 38, or 0.48 per cent, to Rs 7,832 per quintal in 12,420 quite a bit. 

Analysts aforesaid latest positions created with the aid of traders following associate degree upsurge in home in addition as export demand inside the commodities market against constrained offers from manufacturing regions, particularly pushed up turmeric costs at futures exchange.

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