Sluggish Demand Drags Down Cardamom Futures By 1.44%



Cardamom futures were trading lower during morning trade in the domestic market on Wednesday as investors and speculators exited their positions in the agri-commodity amid fall in physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, influenced the downwardtrend in the domestic cardamom prices. At the MCX, cardamom futures for May 2017 contract is trading at Rs 1190 per kg, down by 1.44 per cent, after opening at Rs 1190, against a previous close of Rs 1190. It touched the intra-day low of Rs 1188.40

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