Breaking News

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

27-Sep2016

Cardamom futures trade lower on MCX

Cardamom futures traded lower on MCX as investors trimmed their positions in the agri-commodity amid sluggish physical demand in the domestic spot market. Further, sufficient supplies amid increased physical arrivals from the major cardamom producing regions too fuelled the downtrend.

The contract for October delivery was trading at Rs 1139.20, down by 0.71% or Rs 8.20 from its previous closing of Rs 1147.40.The open interest of the contract stood at 803.00 lots.

The contract for November delivery was trading at Rs 1163.90, down by 0.45% or Rs 5.30 from its previous closing of Rs 1169.20. The open interest of the contract stood at 610.00 lots on MCX.


Related News

View all news

Cardamom futures trade in red on muted demand

Cardamom futures traded in red on MCX on the back of muted demand at spot market. However, diminishing stocks at auction centres in Kerala, trimmed some losses.The contract for May delivery was trading......

Cardamom futures surge on pick-up in demand

Cardamom futures surged on MCX as participants created huge speculative positions amid pick-up in domestic demand. Moreover, diminished arrivals from growing regions buoyed the upward momentum.The contract......

Cardamom futures trade up on rise in demand

Cardamom futures traded up on MCX on reports of dry weather conditions in key growing areas over the past one month that led to fears of fall in output. Moreover, rise in demand at the spot market fuelled......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......