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Commodity Tips-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 the existing level, fall in demand against adequate stocks position, mainly led to decline in cardamom prices at futures trade.

At the MCX, cardamom futures for March 2018 contract was trading at Rs 1122 per kg, down by 0.78 per cent, after opening at Rs 1130, against a previous close of Rs 1130.80. It touched the intra-day low of Rs 1120

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