Cardamom futures down on sluggish demand

Cardamom futures down on sluggish demand

15/03/2017 17:01

Cardamom futures were trading lower during the evening trade in the domestic market on Wednesday as traders trimmed their holdings amid sluggish spot demand. Besides, adequate stocks position following increased arrivals from producing regions also fuelled the downtrend. Marketmen said offloading of positions by participants owing to a weak trend at spot market on subdued demand mainly put pressure on cardamom prices at futures trade.

At the MCX, cardamom futures for April 2017 contract is trading at Rs 1399 per kg, down by 0.55 per cent, after opening at Rs 1319.20, against a previous close of Rs 1406.80. It touched the intra-day low of Rs 1385 (at 17:05 hours).

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