Sluggish demand drags down cardamom futures by 1.24%
30/06/2017
Cardamom futures slipped over 1 per cent during morning trade in the domestic market on Friday as investors and speculators trimmed their bets in the agri-commodity amid diminishing 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 1011 per kg, down by 1.24 per cent, after opening at Rs 1014.90, against a previous close of Rs 1023.70. It touched the intra-day low of Rs 1006.60 (at 10:39 hours).
30/06/2017
Cardamom futures slipped over 1 per cent during morning trade in the domestic market on Friday as investors and speculators trimmed their bets in the agri-commodity amid diminishing 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 1011 per kg, down by 1.24 per cent, after opening at Rs 1014.90, against a previous close of Rs 1023.70. It touched the intra-day low of Rs 1006.60 (at 10:39 hours).
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