Cardamom futures dip amid tepid demand 28/09/2017

Cardamom futures dip amid tepid demand

Cardamom futures were trading lower during the morning trade in the domestic market on Thursday 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 October 2017 contract was trading at Rs 1091.60 per kg, up by 0.54 per cent, after opening at Rs 1095, against a previous close of Rs 1097.50. It touched the intra-day low of Rs 1090 (at 10:39 hours).

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