Cardamom weakens in futures trade on profit-booking

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:17 AM IST

Cardamom prices fell by Rs 4.80 to Rs 867.90 per kg in futures trade today owing to slackness in demand at existing higher levels.

Fresh arrivals in the spot market from the producing belts also put pressure on the prices at the futures trade.

At the Multi Commodity Exchange, cardamom for delivery in July fell by Rs 4.80, or 0.55%, to Rs 867.90 per kg, with a business turnover of 170 lots.

Similarly, the spice for delivery in August eased by Rs 3.90, or 0.43%, to Rs 888.20 per kg, with a business turnover of 42 lots.

Also, the cardamom for delivery in September moved down by Rs 3.90, or 0.42%, to Rs 905 per kg, with an open interest of 11 lots.

Analysts said the fall in demand at existing higher levels against fresh arrivals in the physical market mainly led to the fall in cardamom prices at futures trade.

*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: Jun 24 2011 | 12:20 PM IST

Next Story