Muted demand bites cardamom futures

Cardamom futures were little changed during morning trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the agri-commodity amid muted physical demand for cardamom in the domestic spot market. 

                            Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, influenced the downward trend in the domestic cardamom prices.

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At the MCX, cardamom futures for January 2017 contract is trading at Rs 1401.50 per kg, down by 0.03 %, after opening at Rs 1411.30, against a previous close of Rs 1401.90. It touched the intra-day low of Rs 1395.

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