 "Cardamom down1.2% on profit booking")
Cardamom futures prices fell by Rs 8.80 to Rs 707.20 per kg today, as traders reduced their holdings amid sluggish spot demand.
Besides, sufficient stocks holdings in the physical market also influenced the cardamom prices.
At the Multi Commodity Exchange, cardamom for December contract declined by Rs 8.80, or 1.22%, to Rs 707.20 per kg with a business turnover of 551 lots.
Marketmen said, besides profit booking by speculators at existing levels, fall in demand in spot market also put pressure on cardamom prices in futures market.
Besides, sufficient stocks holdings in the physical market also influenced the cardamom prices.
At the Multi Commodity Exchange, cardamom for December contract declined by Rs 8.80, or 1.22%, to Rs 707.20 per kg with a business turnover of 551 lots.
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The spice for delivery in January month fell by Rs 8.20, or 1.09%, to Rs 738.10 per kg with a trading volume of 173 lots.
Marketmen said, besides profit booking by speculators at existing levels, fall in demand in spot market also put pressure on cardamom prices in futures market.