MCX COMMODITY OPTIONS TIPS : Sluggish physical demand bites cardamom futures 13/06/2017

Sluggish physical demand bites cardamom futures 13/06/2017

Sluggish physical demand bites cardamom futures
13/06/2017

Cardamom futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators exited 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 July 2017 contract is trading at Rs 940 per kg, down by 1.23 per cent, after opening at Rs 945, against a previous close of Rs 951.70. It touched the intra-day low of Rs 935 (at 10:55 hours).

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