Cardamom futures down on subdued demand
06/12/2017
Cardamom futures down on subdued demand
06/12/2017 11:00
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 December 2017 contract was trading at Rs 960.10 per kg, down by 1.98 per cent, after opening at Rs 965, against a previous close of Rs 979.50. It touched the intra-day low of Rs 960.10(at 11:05 hours).
06/12/2017
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Cardamom futures down on subdued demand
06/12/2017 11:00
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 December 2017 contract was trading at Rs 960.10 per kg, down by 1.98 per cent, after opening at Rs 965, against a previous close of Rs 979.50. It touched the intra-day low of Rs 960.10(at 11:05 hours).
