Cardamom futures down on easing demand 31/10/2017


Cardamom futures down on easing demand
31/10/2017 16:10
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Cardamom futures were trading lower during the evening trade in the domestic market on Tuesday 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 965.10 per kg, down by 0.93 per cent, after opening at Rs 965.20, against a previous close of Rs 974.20. It touched the intra-day low of Rs 956 (at 16:07 hours).