Adequate stocks in the spot market affected the trade
Cardamom futures for March declined Rs 26.90, or 3.00%, to Rs 869.40 per kg in 1,840 lots.
At the Multi Commodity Exchange (MCX), the April contract traded lower by Rs 26.70, or 2.85%, to Rs 908 per kg, in 2,190 lots. Adequate stocks in the spot market on higher supplies from producing belts affected the trade.
Market analysts said off-loading of positions by traders amid weak spot market trend on subdued demand mainly led to a fall in cardamom futures prices.
Besides, adequate stocks position in the spot market also influenced trading in cardamom prices, they said.
http://www.business-standard.com/article/markets/cardamom-falls-3-on-low-demand-113030800231_1.html
Cardamom futures for March declined Rs 26.90, or 3.00%, to Rs 869.40 per kg in 1,840 lots.
At the Multi Commodity Exchange (MCX), the April contract traded lower by Rs 26.70, or 2.85%, to Rs 908 per kg, in 2,190 lots. Adequate stocks in the spot market on higher supplies from producing belts affected the trade.
Market analysts said off-loading of positions by traders amid weak spot market trend on subdued demand mainly led to a fall in cardamom futures prices.
Besides, adequate stocks position in the spot market also influenced trading in cardamom prices, they said.
http://www.business-standard.com/article/markets/cardamom-falls-3-on-low-demand-113030800231_1.html
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