Cardamom down 1.55% on profit-booking

Excess supply in the spot market also weighs on cardamom prices

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:54 AM IST

Cardamom prices fell by Rs 20.50 to Rs 1,303 per kg in futures trade today as speculators booked profits at existing price levels, driven by weak trend in the spot market on sluggish demand.

Ample stocks following increased arrivals from the key producing regions further fuelled the downtrend in cardamom futures.

At the MCX, cardamom for delivery in June fell by Rs 20.50, or 1.55 per cent, to Rs 1,303 per kg in business turnover of 202 lots.

The May contract declined by Rs 19, or 1.54 per cent, to Rs 1,217.50 per kg in 1,124 lots.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 18 2012 | 5:04 PM IST

Next Story