Sluggish Demand Drags Down Cardamom Futures By 1.12%

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 downtick in physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, too influenced the downtrend in the domestic cardamom prices. 

At the MCX, cardamom futures for November 2016 contract is trading at Rs 1,340 per kg, down by 1.12 per cent, after opening at Rs 1340.20, against a previous close of Rs 1355.20. It touched the intra-day low of Rs 1340.

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