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Diminishing physical demand bites cardamom futures

Cardamom futures were trading lower during morning trade in the domestic market on Monday as investors and speculators remained on the sidelines 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 downtrend in the domestic cardamom prices. At the MCX, cardamom futures for April 2017 contract is trading at Rs 1383.10 per kg, down by 0.71 per cent, after opening at Rs 1376.20, against a previous close of Rs 1393. It touched the intra-day low of Rs 1376.20.

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