Latest MCX and NCDEX News By Money Maker Research

commodity tips by expertsGold: Gold inched up on Thursday, but the yellow metal held near a six-week low hit in the previous session as the dollar remained firm on expectations that the U.S. Federal Reserve may raise interest rates as early as June.

Pulses: Pulses imports in India increased to about 20 percent to 5.67 million tons along with the total production of 22.14 million tons which makes it 27.8 million tons against the average normal consumption of 24 million tons. The improved availability has has proved to be misery for farmers as they are not getting the desired prices. The farmers are forced to sell their produce below the minimum support price (MSP) which was set by the government.

Cardamom: The Cardamom exporters are facing tight competition from Guatemala. Earlier this year, Cardamom prices has reached a five year high to Rs 1400 per kg due to the production drop of about 50 percent from a year ago. From the five year high price, about a month ago it fell to about Rs 1200 per kg and now it is seen around Rs 960 per kg in the local market. Till a couple of months back, India was ruling the global market till the entry of the largest spice producer Guatemala.

, , , , ,

Post navigation