Sluggish demand drags down cardamom futures by 1.09% 09/05/2017

Sluggish demand drags down cardamom futures by 1.09%
09/05/2017

Cardamom futures fell over 1 per cent during morning trade in the domestic market on Tuesday as investors and speculators exited their positions in the agri-commodity amid diminishing physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, influenced the downward trend in the domestic cardamom prices. At the MCX, cardamom futures for May 2017 contract is trading at Rs 1256 per kg, down by 1.09 per cent, after opening at Rs 1256, against a previous close of Rs 1269.90. It touched the intra-day low of Rs 1256 (at 10:55 hours).

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