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Published on 14/06/2018 12:38:20 PM | Source: Dion Global Solutions Ltd

Cardamom futures dip on subdued demand

Posted in Commodity Top News| #Cardamom #MCX #Commodity

Cardamom futures were trading lower during the afternoon trade in the domestic market on Thursday as speculators booked profits at prevailing levels amid easing demand in the spot market. Analysts said besides profit booking by participants at existing level, fall in demand against adequate stocks position, mainly led to decline in cardamom prices at futures trade.

At the MCX, cardamom futures for July 2018 contract was trading at Rs 969.60 per kg, down by 0.67 per cent, after opening at Rs 971, against a previous close of Rs 976.10. It touched the intra-day low of Rs 965.