Cardamom futures down on subdued demand
25/10/2017 16:01
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 1019 per kg, down by 0.84 per cent, after opening at Rs 1003, against a previous close of Rs 1027.60. It touched the intra-day high of Rs 1032.50 (at 16:02 hours).
25/10/2017 16:01
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Cardamom futures were trading lower during the evening 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 1019 per kg, down by 0.84 per cent, after opening at Rs 1003, against a previous close of Rs 1027.60. It touched the intra-day high of Rs 1032.50 (at 16:02 hours).
