CAPITALSTARS MONDAY CARDAMOM FUTURES AGRI MARKET NEWS UPDATE

CapitalStars Investment Adviser

Cardamom futures dip on subdued demand

Cardamom futures were trading lower during the morning trade in the domestic market on Monday 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.

 MCX, cardamom futures for October 2018 contract was trading at Rs 1378.10 per kg, down by 1.43 per cent, after opening at Rs 1371.10, against a previous close of Rs 1398.10. It touched the intra-day low of Rs 1371.

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