Monday, 15 May 2017

Sluggish physical demand bites cardamom : 15 May 2017




Cardamom futures were trading lower during evening trade in the domestic market on Monday as investors and speculators exited their positions in the agri-commodity on sluggish 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 May 2017 contract is trading at Rs 1245 per kg, down by 0.62 per cent, after opening at Rs 1219, against a previous close of Rs 1252.80. It touched the intra-day low of Rs 1219

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