Cardamom futures dip on excess supply
11/07/2017
Cardamom futures were trading lower during the morning trade in the domestic market on Tuesday as speculators cut down their bets, prompted by ample stock position following higher supplies in the spot market. Analysts said offloading of positions by speculators, driven by sufficient stocks from producing regions, mainly influenced the prices. At the MCX, cardamom futures for July 2017 contract is trading at Rs 1030 per kg, down by 1.07 per cent, after opening at Rs 1041, against a previous close of Rs 1041.10. It touched the intra-day low of Rs 1030 (at 10:35 hours).
11/07/2017
Cardamom futures were trading lower during the morning trade in the domestic market on Tuesday as speculators cut down their bets, prompted by ample stock position following higher supplies in the spot market. Analysts said offloading of positions by speculators, driven by sufficient stocks from producing regions, mainly influenced the prices. At the MCX, cardamom futures for July 2017 contract is trading at Rs 1030 per kg, down by 1.07 per cent, after opening at Rs 1041, against a previous close of Rs 1041.10. It touched the intra-day low of Rs 1030 (at 10:35 hours).
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