Cardamom prices fell by 0.23 per cent on Wednesday at the Multi Commodity Exchange (MCX) due to the adequate stocks availability in the physical market on account of higher supply from the producing belts of Chandausi in Uttar Pradesh.
At MCX, Cardamom futures for March 2016 contract were trading at Rs. 648.30 per kg, down by 0.23 per cent, after opening at Rs. 648.40 against the previous closing price of Rs. 649.80. It touched the intra-day low of Rs. 644 till the trading. (At 10.45 AM today). Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued demand for the commodity. 
Cardamom trading range for the day is 677.6-711.6 as estimated by Epic Research. For more live NCDEX market update anyone can visit our blog.
ReplyDelete