Subdued Physical Demand Bites Cardamom

Cardamom futures were trading lower during morning trade in the domestic market on Wednesday as investors and speculators remained on the sidelines 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 downward trend in the domestic cardamom prices. At the MCX, cardamom futures for June 2017 contract is trading at Rs 1050.70 per kg, down by 0.25 per cent, after opening at Rs 1050.70, against a previous close of Rs 1053.30. It touched the intra-day low of Rs 1050.70

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