Cardamom Futures Drop 0.33% On Muted Demand

Cardamom futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators remained on the sidelines in the agri-commodity amid muted physical demand for cardamom in the domestic spot market.

Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, influenced the downtrend in the domestic cardamom prices. At the MCX, cardamom futures for December 2016 contract is trading at Rs 1297.50 per kg, down by 0.33 per cent, after opening at Rs 1301.90, against a previous close of Rs 1301.80. It touched the intra-day low of Rs 1282.

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