Cardamom Slips On Soft Physical Demand

Cardamom futures fell during noon trade in the domestic market on Tuesday as investors and speculators exit positions in the agri-commodity amid weak physical demand for cardamom from major consuming industries in the domestic spot market. Further, abundant supplies amid higher physical arrivals from the major cardamom producing regions also exerted downward pressure on prices.

 

At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,138.2 per kg, down by 0.88 per cent, after opening at Rs 1,141.2, against a previous close of Rs 1,148.3. It touched the intra-day low of Rs 1,123.2.

 

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