Cardamom futures drop 1.31% on sluggish demand
23/06/2017
Cardamom futures fell over 1 per cent during morning trade in the domestic market on Friday as investors and speculators exited their positions in the agri-commodity amid plunge 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 July 2017 contract is trading at Rs 1051 per kg, down by 1.31 per cent, after opening at Rs 1061, against a previous close of Rs 1064.90. It touched the intra-day low of Rs 1051 (at 10:30 hours).
23/06/2017
Cardamom futures fell over 1 per cent during morning trade in the domestic market on Friday as investors and speculators exited their positions in the agri-commodity amid plunge 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 July 2017 contract is trading at Rs 1051 per kg, down by 1.31 per cent, after opening at Rs 1061, against a previous close of Rs 1064.90. It touched the intra-day low of Rs 1051 (at 10:30 hours).
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