Free Stock TipsIndian Stock Market TipsIndian Stock Market Tips| Commodity tipsIndian Stock Market Tips| Commodity Market tipsIndian Stock Market Tips| Stock advisory tips
Uptick in demand lifts cardamom futures by 1.53%
We are provide Stock advisory tips and one day free trial to content this no 9303093093.
 |
At the MCX, cardamom futures for February 2017 contract is trading at Rs 1457.20 per kg, up by 1.53 per cent, after opening at Rs 1435, against a previous close of Rs 1435.20. It touched the intra-day high of Rs 1469.
Cardamom on MCX settled down by -2.05% at 1435.2 tracking weakness in spot demand on profit booking after prices gained as supply continued to show a shrinkage following the continued dry spell. Harvesting is nearly complete and hence arrivals are unlikely to pick up. Exporters and north Indian dealers have slowed down because of the higher prices. Exports of small cardamom during April-September 2016 have dropped by 20 per cent in volume and 22 per cent in value realisation from that of the same period the last fiscal.
Trading Ideas
Cardamom on MCX settled down by -2.05% at 1435.2 tracking weakness in spot demand on profit booking after prices gained as supply continued to show a shrinkage following the continued dry spell. Harvesting is nearly complete and hence arrivals are unlikely to pick up. Exporters and north Indian dealers have slowed down because of the higher prices. Exports of small cardamom during April-September 2016 have dropped by 20 per cent in volume and 22 per cent in value realisation from that of the same period the last fiscal.
Trading Ideas
- Cardamom trading range for the day is 1398-1493.2.
- Cardamom prices ended with losses tracking weakness in spot demand on profit booking.
- Exports of small cardamom during April-September 2016 have dropped by 20 per cent in volume and 22 per cent in value realization.
- The total output during the current season might come to around 40 per cent of the previous crop. Cardamom prices in spot market dropped by 11.70 rupees and settled at 1440.40 rupees.
0 comments
Note: only a member of this blog may post a comment.