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Sluggish Demand Drags Down Cardamom Futures By 2.17%

Cardamom futures were trading lower during morning trade in the domestic market on Wednesday as investors and speculators trimmed their bets 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 downward trend in the domestic cardamom prices.

At the MCX, cardamom futures for February 2017 contract is trading at Rs 1451.60 per kg, down by 2.17 per cent, after opening at Rs 1478.90, against a previous close of Rs 1483.80. It touched the intra-day low of Rs 1446.10.

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