Cardamom futures down on subdued demand 01/11/2017

Cardamom futures down on subdued demand
01/11/2017 11:03

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Cardamom futures were trading lower during the morning trade in the domestic market on Wednesday as speculators booked profits at prevailing levels amid easing demand in the spot market. Analysts said besides profit booking by participants at existing level, fall in demand against adequate stocks position, mainly led to decline in cardamom prices at futures trade.
At the MCX, cardamom futures for November 2017 contract was trading at Rs 965 per kg, down by 0.05 per cent, after opening at Rs 973.90, against a previous close of Rs 965.50. It touched the intra-day low of Rs 960.20 (at 11:09 hours).
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