MCX Service- Cardamom futures dip on subdued demand

MCX ServiceCardamom futures were trading lower during the morning trade in the domestic market on Wednesday 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 October 2018 contract was trading at Rs 1400 per kg, down by 0.15 percent, after opening at Rs 1391, against a previous close of Rs 1402.10. It touched the intra-day low of Rs 1391.

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