Cardamom prices fell sharply by 4% to hit the daily lower limit of Rs 991.80 per kg in futures trade today as speculators engaged in booking profits amid a fall in demand in the spot market.
Increased arrivals from producing regions kept pressure on cardamom futures.
At the Multi Commodity Exchange, cardamom for delivery in August tumbled by Rs 41.30, or 4%, to hit lower circuit at Rs 991.80 per kg, with a business turnover of 120 lots.
It had lost 4% in yesterday's session.
Marketmen said continued profit-booking by speculators at prevailing higher levels and falling demand in the spot market against increased arrivals from producing belts kept pressure on the cardamom prices at futures trade.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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