Cardamom futures dip on subdued demand
25/01/2018
Cardamom futures dip on subdued demand
25/01/2018 16:01
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 April 2018 contract was trading at Rs 1140 per kg, down by 2.20 per cent, after opening at Rs 1140, against a previous close of Rs 1165.70. It touched the intra-day low of Rs 1140(at 16:05 hours).
25/01/2018
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Cardamom futures dip on subdued demand
25/01/2018 16:01
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 April 2018 contract was trading at Rs 1140 per kg, down by 2.20 per cent, after opening at Rs 1140, against a previous close of Rs 1165.70. It touched the intra-day low of Rs 1140(at 16:05 hours).
