Cardamom futures slide on muted demand
19/08/2016 10:33
Cardamom futures were trading lower during the morning trade in the domestic market on Friday as investors and speculators cut down their bets in the agri-commodity amid a fall in physical demand for cardamom in the domestic spot market. Further, rise in supplies amid sufficient physical arrivals from the major cardamom producing belts in the country, influenced domestic cardamom prices. At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,124.80 per kg, down by 0.96 per cent, after opening at Rs 1,133, against a previous close of Rs 1,135.70. It touched the intra-day low of Rs 1,121.20 (at 10:30 hours).
