Cardamom trading tad lower
24/08/2016 12:58
Cardamom futures were trading marginally lower during noon trade in the domestic market on Wednesday as investors and speculators were cautious over booking fresh positions in the agri-commodity amid soft physical demand for cardamom in the domestic spot market.
Further, abundant supplies amid higher physical arrivals from the major cardamom producing belts in the country also exerted downward pressure on domestic cardamom prices.
At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,187.6 per kg, down by 0.03 per cent, after opening at Rs 1,183.60, against a previous close of Rs 1,188. It touched the intra-day low of Rs 1,173.6 (at 12:51 PM).
24/08/2016 12:58
Further, abundant supplies amid higher physical arrivals from the major cardamom producing belts in the country also exerted downward pressure on domestic cardamom prices.
At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,187.6 per kg, down by 0.03 per cent, after opening at Rs 1,183.60, against a previous close of Rs 1,188. It touched the intra-day low of Rs 1,173.6 (at 12:51 PM).
