Cardamom tad lower amid soft physical demand
04/08/2016 12:39
Cardamom futures fell during noon trade in the domestic market on Thursday as investors and speculators stayed cautious over booking fresh positions in the agri-commodity amid sluggish physical demand for cardamom in the domestic spot market.
Further, abundant supplies amid higher physical arrivals from the major cardamom producing belts in the country also exerted downward pressure on domestic cardamom prices.
At the MCX, Cardamom futures for August 2016 contract is trading at Rs 951.7 per kg, down by 0.07 per cent, after opening at Rs 924, against a previous close of Rs 952.4. It touched the intra-day low of Rs 924. (At 12:41PM).
04/08/2016 12:39
Further, abundant supplies amid higher physical arrivals from the major cardamom producing belts in the country also exerted downward pressure on domestic cardamom prices.
At the MCX, Cardamom futures for August 2016 contract is trading at Rs 951.7 per kg, down by 0.07 per cent, after opening at Rs 924, against a previous close of Rs 952.4. It touched the intra-day low of Rs 924. (At 12:41PM).
