Cardamom futures dip on easing demand
05/01/2018
05/01/2018 17:02
Cardamom futures were trading lower during the evening trade in the domestic market on Friday 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 January 2017 contract was trading at Rs 1060 per kg, down by 2.21 per cent, after opening at Rs 1082, against a previous close of Rs 1084. It touched the intra-day low of Rs 1050(at 17:03 hours).
05/01/2018
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Cardamom futures dip on easing demand05/01/2018 17:02
Cardamom futures were trading lower during the evening trade in the domestic market on Friday 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 January 2017 contract was trading at Rs 1060 per kg, down by 2.21 per cent, after opening at Rs 1082, against a previous close of Rs 1084. It touched the intra-day low of Rs 1050(at 17:03 hours).
