Cardamom futures dip on subdued demand
19/04/2018
Cardamom futures dip on subdued demand
19/04/2018 10:15
Cardamom futures were trading lower during the morning 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 May 2018 contract was trading at Rs 965 per kg, down by 0.61 per cent, after opening at Rs 952.20, against a previous close of Rs 970.90. It touched the intra-day low of Rs 952.20(at 10:24 hours).
19/04/2018
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Cardamom futures dip on subdued demand
19/04/2018 10:15
Cardamom futures were trading lower during the morning 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 May 2018 contract was trading at Rs 965 per kg, down by 0.61 per cent, after opening at Rs 952.20, against a previous close of Rs 970.90. It touched the intra-day low of Rs 952.20(at 10:24 hours).
