Muted physical demand bites cardamom
27/02/2017 10:52
Cardamom futures fell during morning trade in the domestic market on Monday as investors and speculators remained on the sidelines in the agri-commodity amid slide in physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, too influenced the downtrend in the domestic cardamom prices. At the MCX, cardamom futures for March 2017 contract is trading at Rs 1468 per kg, down by 0.74 per cent, after opening at Rs 1471, against a previous close of Rs 1479. It touched the intra-day low of Rs 1468 (at 10:54 hours).
27/02/2017 10:52
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Cardamom futures fell during morning trade in the domestic market on Monday as investors and speculators remained on the sidelines in the agri-commodity amid slide in physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, too influenced the downtrend in the domestic cardamom prices. At the MCX, cardamom futures for March 2017 contract is trading at Rs 1468 per kg, down by 0.74 per cent, after opening at Rs 1471, against a previous close of Rs 1479. It touched the intra-day low of Rs 1468 (at 10:54 hours).
