Sluggish demand bites cardamom futures

Cardamom futures were trading lower during morning trade in the domestic market on Friday as investors and speculators remained on the sidelines in the agri-commodity amid downtick 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, influenced the downward trend in the domestic cardamom prices.

At the MCX, cardamom futures for January 2017 contract is trading at Rs 1435.10 per kg, down by 1.39 per cent, after opening at Rs 1450, against a previous close of Rs 1455.30. It touched the intra-day low of Rs 1435.10.

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