Cardamom futures dip on subdued demand 07/02/2018

Cardamom futures dip on subdued demand
07/02/2018


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Cardamom futures dip on subdued demand
07/02/2018 16:22
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 March 2018 contract was trading at Rs 1154 per kg, down by 1.90 per cent, after opening at Rs 1166, against a previous close of Rs 1176.40. It touched the intra-day low of Rs 1150.10(at 16:30 hours).