Breaking News

You are here » Indian-Commodity  :  Commodities  :  Cardamom  :  Cardamom futures edge down on profit booking

13-Dec2017

Cardamom futures edge down on profit booking

Cardamom futures edged down on MCX as speculators locked in profits at prevailing levels amid weaker demand at physical market. Further, an increase in supply levels from producing belts against sufficient stock levels fuelled the downtrend.

The contract for January delivery was trading at Rs 1051.40, down by 0.35 % or Rs 3.70 from its previous closing of Rs 1055.10. The open interest of the contract stood at 363 lots.

The contract for February delivery was trading at Rs 1065.00, dipped by 0.83 % or Rs 8.90 from its previous closing of Rs 1073.90. The open interest of the contract stood at 166 lots on MCX.


Related News

View all news

Cardamom futures trade lower on profit taking

Cardamom futures traded lower on MCX, as investors locked in their prevailing profits. Moreover, dip in buying from export and domestic markets amid prevailing higher price also added to downside.The contract......

Cardamom futures trade higher on firm demand

Cardamom futures traded higher on MCX, as market players accumulated their bets on low production prospects followed by firm demand from spot domestic markets. Moreover, tight inventory levels after heavy......

Cardamom futures decline on muted demand

Cardamom futures declined on MCX, as market participants trimmed their bets followed by muted demand from physical markets. Meanwhile, concerns about demand from UAE due to strict pesticide rule also weighed......

Top News

View all news

Atishay bags two work orders for preparation of Urdu Photo Electoral rolls

Atishay has received the work order from the Office of the Collector & District Election Officer, District-Bhopal (MP) for Preparation of Urdu Photo Electoral rolls, as per Election Commission......

Jindal Poly Films to incorporate wholly owned subsidiary

Jindal Poly Films will incorporate wholly owned subsidiary Company i.e. J. and D. Speciality Films. The Board of Directors of the company at their meeting held on November 12, 2018, took note of the same.Jindal......

Bannari Amman Spinning Mills to promote wholly owned subsidiary

Bannari Amman Spinning Mills has received an approval to promote a wholly owned subsidiary to carry out the new line of allied activities in future. The Board of Directors of the company at their meeting......