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Cardamom futures dip on subdued demand

Cardamom futures were trading lower during the evening trade in the domestic market on Friday as speculators booked profits at prevailing levels amid easing demand in the spot market. Analysts said besides profit booking by participants at 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 February 2018 contract was trading at Rs 1102 per kg, down by 0.50 per cent, after opening at Rs 1103, against a previous close of Rs 1107.50. It touched the intra-day low of Rs 1090(at 17:30 hours).