Cardamom futures dip on tepid demand
27/04/2018
Cardamom futures dip on tepid demand
27/04/2018 15:13
Cardamom futures were trading lower during the afternoon 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 May 2018 contract was trading at Rs 951 per kg, down by 1.10 per cent, after opening at Rs 955, against a previous close of Rs 961.60. It touched the intra-day low of Rs 946.70(at 15:14 hours).
27/04/2018
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Cardamom futures dip on tepid demand
27/04/2018 15:13
Cardamom futures were trading lower during the afternoon 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 May 2018 contract was trading at Rs 951 per kg, down by 1.10 per cent, after opening at Rs 955, against a previous close of Rs 961.60. It touched the intra-day low of Rs 946.70(at 15:14 hours).
