Muted demand bites cardamom

by - 11:36 am

Cardamom futures fell during the morning trade in the domestic market on Wednesday as investors and speculators remained on the sidelines in the agri-commodity amid fall in physical demand for cardamom in the domestic spot market. 

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 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 January 2017 contract is trading at Rs 1380 per kg, down by 0.53%, after opening at Rs 1384, against a previous close of Rs 1387.30. It touched the intra-day low of Rs 1380.

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