Cardamom futures down on higher supply
12/07/2017
Cardamom futures were trading lower during the morning trade in the domestic market on Wednesday 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 August 2017 contract was trading at Rs 1017.30 per kg, down by 0.76 per cent, after opening at Rs 1031, against a previous close of Rs 1025.10. It touched the intra-day low of Rs 1017.30 (at 10:45 hours).
12/07/2017
Cardamom futures were trading lower during the morning trade in the domestic market on Wednesday 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 August 2017 contract was trading at Rs 1017.30 per kg, down by 0.76 per cent, after opening at Rs 1031, against a previous close of Rs 1025.10. It touched the intra-day low of Rs 1017.30 (at 10:45 hours).
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