Cardamom tanks over 2% on weak physical demand 19/08/2016 13:34

Cardamom tanks over 2% on weak physical demand
19/08/2016 13:34

Cardamom futures tumbled by more than 2 per cent during noon trade in the domestic market on Friday as investors and speculators exited positions in the agri-commodity amid weak 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 September 2016 contract is trading at Rs 1,110 per kg, down by 2.26 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 1,106.6. (At 13:29 PM).