CAPITALSTARS FRIDAY CARDAMOM FUTURES AGRI MARKET NEWS UPDATE

CapitalStars Investment Adviser

Cardamom futures dip on easing demand

Cardamom futures were trading lower during the morning trade in the domestic market on Friday as speculators booked profits at prevailing levels amid easing demand in the spot market. Analysts said besides profit booking by participants at existing level, fall in demand against adequate stocks position, mainly led to decline in cardamom prices at futures trade.

At the MCX, cardamom futures for October 2018 contract was trading at Rs 1409.40 per kg, down by 1.54 per cent, after opening at Rs 1420, against a previous close of Rs 1431.40. It touched the intra-day low of Rs 1388.50.

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