Cardamom futures dip on easing demand

ripplesadvisory

Cardamom futures were trading lower during the morning 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 the 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 August 2018 contract was trading at Rs 1097 per kg, down by 2.01 percent, after opening at Rs 1097.10, against a previous close of Rs 1119.50. It touched the intra-day low of Rs 1097.

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