Subdued physical demand bites cardamom futures
21/06/2017
Cardamom futures were trading lower during morning trade in the domestic market on Wednesday as investors and speculators cut down their positions in the agri-commodity amid slide 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 1042 per kg, down by 0.85 per cent, after opening at Rs 1058, against a previous close of Rs 1050.90. It touched the intra-day low of Rs 1038.40 (at 10:30 hours).
21/06/2017
Cardamom futures were trading lower during morning trade in the domestic market on Wednesday as investors and speculators cut down their positions in the agri-commodity amid slide 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 1042 per kg, down by 0.85 per cent, after opening at Rs 1058, against a previous close of Rs 1050.90. It touched the intra-day low of Rs 1038.40 (at 10:30 hours).
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