Muted physical demand bites cardamom

Cardamom futures fell during morning trade in the domestic market on Friday as investors and speculators remained on the sidelines in the agri-commodity amid slide 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 January 2017 contract is trading at Rs 1361 per kg, down by 0.62 per cent, after opening at Rs 1365, against a previous close of Rs 1369.50. It touched the intra-day low of Rs 1358.

 

Get live News Updates visit us at http://ripplesadvisory.com  or One Missed Call on @9303-093093.

You May Also Like

0 comments

Note: only a member of this blog may post a comment.