Diminishing physical demand bites cardamom futures 30/05/2017

Diminishing physical demand bites cardamom futures
30/05/2017

Cardamom futures fell over 1 per cent during morning trade in the domestic market on Tuesday as investors and speculators cut down their bets in the agri-commodity amid fall in physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, influenced the downward trend in the domestic cardamom prices. At the MCX, cardamom futures for June 2017 contract is trading at Rs 913.90 per kg, down by 1.42 per cent, after opening at Rs 927, against a previous close of Rs 927.10. It touched the intra-day low of Rs 910 (at 10:37 hours).

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