Cardamom futures slip on subdued physical demand

Cardamom futures slip on subdued physical demand

20/12/2016 17:13

Cardamom futures were trading lower during evening trade in the domestic market on Tuesday as investors and speculators trimmed their positions 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, influenced the downtrend in the domestic cardamom prices. At the MCX, cardamom futures for January 2017 contract is trading at Rs 1,335 per kg, down by 0.60 per cent, after opening at Rs 1,347, against a previous close of Rs 1,343. It touched the intra-day low of Rs 1,318.20 (at 17:13 hours).
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