Ripples Advisory:Cardamom futures dip on easing demand
1 year ago
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 May 2018 contract was trading at Rs 1046.10 per kg, down by 0.80 per cent, after opening at Rs 1043.10, against a previous close of Rs 1054.50. It touched the intra-day low of Rs 1043.10.
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