Cardamom futures were trading higher during the morning trade in the domestic market on Wednesday.

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Investors and speculators extended their positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices.

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At the MCX, cardamom futures for June 2018 contract was trading at Rs 913 per kg, up by 0.64 per cent, after opening at Rs 901, against a previous close of Rs 907.20. It touched the intra-day high of Rs 913.

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Mentha oil futures dip on subdued demand.

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Mentha oil futures were trading lower during the morning trade in the domestic market on Monday as investors and speculators cut down their positions in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market. Further exiting of bets by traders in the spot market was due to a fall in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions.

At the MCX mentha oil futures for May 2018 contract was trading at Rs 1297.90 per kg down by 3 per cent after opening at Rs 1300 against the previous closing price of Rs 1338. It touched the intra-day low of Rs 1297.90.

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Cardamom futures were trading lower during the morning trade in the domestic market on Friday.

CapitalStars Investment Adviser

Cardamom futures were trading lower during the morning trade in the domestic market on Friday as speculators booked profits at prevailing levels amid easing demand in the spot market. 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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At the MCX , cardamom futures for June 2018 contract was trading at Rs 925 per kg, down by 0.68 per cent, after opening at Rs 918.30, against a previous close of Rs 931.30. It touched the intra-day low of Rs 918.30.

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Mentha oil futures were trading higher during the morning on Thursday.

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Mentha oil futures were trading higher during the morning trade in the domestic market on Thursday amid pick-up in demand at domestic spot market and restricted supplies from producing regions. Market analysts said fresh positions built up by traders following pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.

At the MCX mentha oil futures for May 2018 contract was trading at Rs 1277.20 per kg up by 2.25 per cent after opening at Rs 1251 against the previous closing price of Rs 1249.10. It touched the intra-day high of Rs 1286.50.

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Punjab and Haryana have procured over 214 lakh tonnes of wheat in this season

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 With a bumper crop, food grain states Punjab and Haryana have procured over 214 lakh tonnes of wheat in this season, food and supplies officials said here on Tuesday.

In Punjab, over 126.75 lakh tonnes of wheat has been procured so far. Over 99 per cent of the wheat has been procured by government agencies in the state.

The Punjab government has disbursed nearly Rs 18,500 crore to farmers and arhtiyas (commission agents) for the wheat procurement in this Rabi season. Officials in Punjab said that out of the wheat procured, over 124.66 lakh tonnes have been lifted from grain markets for storage.

In Haryana, nearly 87.3 lakh tonnes has been procured so far this season. The procurement is higher than the entire procurement done last year when 74.25 lakh tonnes wheat was procured.

The Reserve Bank of India had sanctioned nearly Rs 4,900 crore to the Haryana government for wheat procurement this season. Procurement of wheat in both states started on April 1.

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