Cardamom lower on weak physical demand 07/09/2016

Cardamom lower on weak physical demand
07/09/2016 12:56

Cardamom futures fell during noon trade in the domestic market on Wednesday as investors and speculators exit positions in the agri-commodity amid soft physical demand for cardamom from major consuming industries in the domestic spot market.
Further, abundant supplies amid higher physical arrivals from the major cardamom producing regions in the country also exerted downward pressure on domestic cardamom prices.
At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,136 per kg, down by 0.25 per cent, after opening at Rs 1,143, against a previous close of Rs 1,138.90. It touched the intra-day low of Rs 1,136 (at 12:54 PM).