Breaking News

You are here » Indian-Commodity  :  Commodities  :  Cardamom  :  Cardamom futures trade lower on MCX

04-Oct2016

Cardamom futures trade lower on MCX

Cardamom futures traded lower on MCX as investors remained on the sidelines amid muted physical demand for cardamom in the domestic spot market. Though, some losses were capped on expectation of fall in cardamom output this year due to adverse weather in all the producing areas of south India.

The contract for October delivery was trading at Rs 1150.00, down by 0.48% or Rs 5.50 from its previous closing of Rs 1155.50. The open interest of the contract stood at 625.00 lots.

The contract for November delivery was trading at Rs 1143.00, down by 0.26% or Rs 3.00 from its previous closing of Rs 1146.00. The open interest of the contract stood at 758.00 lots on MCX.


Related News

View all news

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......

Cardamom futures tick higher on MCX

Cardamom futures declined on MCX, as speculators widened their positions counting heavy loses to crop amid recent floods. Besides, improved export and spot demand also fuelled the uptrend.The contract......

Top News

View all news

AMJ Land Holdings gets approval for scheme of amalgamation

AMJ Land Holdings has received an approval for scheme of amalgamation of Pudumjee Investment & Finance Company, a wholly owned subsidiary of AMJ Land Holdings, with the company. This is subject......

SpiceJet to launch daily direct flight on Hyderabad Shirdi route

SpiceJet will launch daily direct flight between Hyderabad and Shirdi from November 3. The airline will be deploying its Bombardier Q400 aircraft on the route. SG 3576 will leave from Hyderabad at 9.35am......

JSW Steel emerges as preferred bidder for iron ore mine in Karnataka

JSW Steel has emerged as the preferred bidder for an iron ore mine in the state of Karnataka. The cumulative revenue from the block over the period of 50 years is Rs 1,705.39 crore with an additional contribution......