Cardamom futures down on dipping demand 25/10/2017


Cardamom futures down on dipping demand
25/10/2017 10:18
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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 November 2017 contract was trading at Rs 1020 per kg, down by 0.74 per cent, after opening at Rs 1003, against a previous close of Rs 1027.60. It touched the intra-day high of Rs 1023 (at 10:25 hours).