Subdued Physical Demand Bites Cardamom Futures

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 subdued 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 May 2017 contract is trading at Rs 1215 per kg, down by 0.51 per cent, after opening at Rs 1224, against a previous close of Rs 1221.20. It touched the intra-day low of Rs 1208.
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