 "Cardamom down 1.2% on adequate stocks")
Cardamom prices fell 1.23% to Rs 826.20 per kg in futures trade today as speculators offloaded positions amid adequate stocks in spot markets on increased arrivals from producing regions.
Besides, sluggish demand in the spot market put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in November fell by Rs 10.30, or 1.23%, to Rs 826.20 per kg in a business turnover of 259 lots.
Analysts said offloading of positions by speculators, driven by sufficient stocks position in the spot markets on increased arrivals from producing belts, mainly pulled down cardamom prices in futures trade.
Besides, sluggish demand in the spot market put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in November fell by Rs 10.30, or 1.23%, to Rs 826.20 per kg in a business turnover of 259 lots.
Also Read
In a similar fashion, the spice for delivery in December traded lower by Rs 10, or 1.19%, to Rs 831 per kg in 11 lots.
Analysts said offloading of positions by speculators, driven by sufficient stocks position in the spot markets on increased arrivals from producing belts, mainly pulled down cardamom prices in 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 →*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
SAVE 25%