Muted physical demand bites cardamom futures
23/02/2017 11:51
Cardamom futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines 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 March 2017 contract is trading at Rs 1459.50 per kg, down by 0.18 per cent, after opening at Rs 1460, against a previous close of Rs 1462.10. It touched the intra-day low of Rs 1449 (at 11:52 hours).
23/02/2017 11:51
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Cardamom futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines 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 March 2017 contract is trading at Rs 1459.50 per kg, down by 0.18 per cent, after opening at Rs 1460, against a previous close of Rs 1462.10. It touched the intra-day low of Rs 1449 (at 11:52 hours).
