Cardamom futures dip on subdued demand
07/12/2017
Cardamom futures dip on subdued demand
07/12/2017 16:00
Cardamom futures were trading lower during the evening trade in the domestic market on Thursday 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 December 2017 contract was trading at Rs 980 per kg, down by 0.21 per cent, after opening at Rs 970, against a previous close of Rs 982.10. It touched the intra-day low of Rs 970(at 16:05 hours).
07/12/2017
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Cardamom futures dip on subdued demand
07/12/2017 16:00
Cardamom futures were trading lower during the evening trade in the domestic market on Thursday 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 December 2017 contract was trading at Rs 980 per kg, down by 0.21 per cent, after opening at Rs 970, against a previous close of Rs 982.10. It touched the intra-day low of Rs 970(at 16:05 hours).
