Cardamom futures plunge 3% on diminishing demand
27/06/2017
Cardamom futures fell over 3 per cent during morning trade in the domestic market on Tuesday as investors and speculators cut down their bets in the agri-commodity amid slump 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 1,038.30 per kg, down by 3 per cent, after opening at Rs 1,040.50, against a previous close of Rs 1,070.40. It touched the intra-day low of Rs 1,038.30 (at 10:14 hours).
27/06/2017
Cardamom futures fell over 3 per cent during morning trade in the domestic market on Tuesday as investors and speculators cut down their bets in the agri-commodity amid slump 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 1,038.30 per kg, down by 3 per cent, after opening at Rs 1,040.50, against a previous close of Rs 1,070.40. It touched the intra-day low of Rs 1,038.30 (at 10:14 hours).
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