Sluggish Physical Demand Bites Cardamom Futures

Cardamom futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators exited their bets in the agri-commodity amid fall in 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. 

At the MCX, cardamom futures for July 2017 contract is trading at Rs 940 per kg, down by 1.23 per cent, after opening at Rs 945, against a previous close of Rs 951.70. It touched the intra-day low of Rs 935.

Get Share Market Tips click here https://www.justdial.com/Indore/Ripples-Advisory.

You May Also Like

0 comments

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