Cardamom plunges on tepid physical demand
26/09/2016 13:09
Cardamom futures tanked over 1 per cent during noon trade in the domestic market on Monday as investors and speculators exit positions in the agri-commodity amid weak 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 October 2016 contract is trading at Rs 1,114 per kg, down by 1.32 per cent, after opening at Rs 1,119, against a previous close of Rs 1,128.90. It touched the intra-day low of Rs 1,103 (at 13:06 PM).
26/09/2016 13:09
