Agro Outlook Updates of 20.02.2015

Mentha Oil prices rose by 0.13 percent on Thursday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. Sentiment improved further as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh. At MCX, Mentha oil futures for February 2015 contract, at MCX, were trading at Rs. 751.00 per kg, up by 0.13 percent after opening at Rs. 750.10 against the previous closing price of Rs. 750.00. It touched the intra-day high of Rs. 754.60 till the trading.

Castor Seed prices rose by 1.39 percent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of excessive arrivals of the commodity at the major mandies as well as weak production estimates. At the NCDEX, castor seed futures for February 2015 contract was trading at Rs. 3,780 per quintal tonnes, up by 1.39 percent, after opening at Rs. 3,730 against the previous closing price of Rs. 3,728. It touched the intra-day low of Rs. 3,784 till the trading.