Subdued physical demand bites cardamom futures
06/07/2017
Cardamom futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators exited their positions in the agri-commodity amid sluggish 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 July 2017 contract is trading at Rs 1070 per kg, down by 0.81 per cent, after opening at Rs 1070, against a previous close of Rs 1078.70. It touched the intra-day low of Rs 1068 (at 10:48 hours).
06/07/2017
Cardamom futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators exited their positions in the agri-commodity amid sluggish 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 July 2017 contract is trading at Rs 1070 per kg, down by 0.81 per cent, after opening at Rs 1070, against a previous close of Rs 1078.70. It touched the intra-day low of Rs 1068 (at 10:48 hours).
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