Muted demand drags cardamom futures by 0.93%
24/08/2016 10:34
Cardamom futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators cut down their bets in the agri-commodity amid slide in physical demand for cardamom in the domestic spot market. Further, sufficient stocks position amid rise in supplies from producing regions, influenced the downtrend in domestic cardamom prices. At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,177 per kg, down by 0.93 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 1,174 (at 10:30 hours).
