Cardamom futures down on sluggish demand 12/05/2017

Cardamom futures down on sluggish demand
12/05/2017

Cardamom futures were trading lower during the morning trade in the domestic market on Friday as investors and speculators exited their positions 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 June 2017 contract is trading at Rs 1233.50 per kg, down by 2.01 per cent, after opening at Rs 1296, against a previous close of Rs 1058.80. It touched the intra-day low of Rs 1233.50 (at 10:30 hours).

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