 "Cardamom drops by 1.5% on profit-booking")
Cardamom futures fell by 1.53% to Rs 911.20 per kg today as speculators booked profits at prevailing levels amid subdued spot demand.
Adequate stocks in the physical market also put pressure on cardamom prices in futures trade.
At the Multi Commodity Exchange, cardamom for delivery in April declined by Rs 14.20, or 1.53%, to Rs 911.20 per kg in a business turnover of 349 lots.
Analysts said profit-booking by speculators at prevailing higher levels and subdued demand in the spot market against adequate stocks position mainly kept pressure on cardamom prices at futures trade.
Adequate stocks in the physical market also put pressure on cardamom prices in futures trade.
At the Multi Commodity Exchange, cardamom for delivery in April declined by Rs 14.20, or 1.53%, to Rs 911.20 per kg in a business turnover of 349 lots.
Also Read
Likewise, the spice for delivery in May shed Rs 10.80, or 1.14%, to Rs 931.50 per kg with trading volume of 61 lots.
Analysts said profit-booking by speculators at prevailing higher levels and subdued demand in the spot market against adequate stocks position mainly kept pressure on 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 →*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%