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 muted physical demand for cardamom in the domestic spot market.

At the MCX, cardamom futures for February 2017 contract is trading at Rs 1553.10 per kg, down by 0.28%, after opening at Rs 1560, against a previous close of Rs 1557.50. It touched the intra-day low of Rs 1553.10. 

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                  Trading Ideas

1. Cardamom trading range for the day is 1537.2-1576.2.

2. Cardamom prices gained due to tight stocks amid sustained demand from exporters. 

3. Cardamom prices are expected to trade higher during the coming week tracking expected fall in arrivals and concern over standing crop. 

4. Arrivals last week decreased to 286 tonnes from 447 tonnes the week before. Cardamom prices in spot market dropped by 6.90 rupees and settled at 1466.40 rupees.