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Cardamom futures slide 2.54% on profit booking

Press Trust of India  |  New Delhi 

prices fell 2.54 per cent to Rs 1,031.60 per kg in futures market today as speculators booked profits at prevailing levels amid easing demand in the spot market.

At the Multi Commodity Exchange, for delivery in January fell Rs 26.90, or 2.54 per cent, to Rs 1,031.60 per kg in a business turnover of 51 lots.

Similarly, the spice for delivery in February traded Rs 3.50, or 0.32 per cent, lower at Rs 1,107 per kg in 1 lot.

Traders said besides profit booking by participants, fall in demand in the spot market against adequate stocks position weighed on prices.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 08 2018. 10:55 IST