Cardamom futures slide on muted physical demand

Cardamom futures slide on muted physical demand

29/11/2016 10:06

Cardamom futures fell during the morning trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the agri-commodity amid fall 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 December 2016 contract is trading at Rs 1402 per kg, down by 0.85 per cent, after opening at Rs 1402, against a previous close of Rs 1414. It touched the intra-day low of Rs 1402 (at 10:06 hours).
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