 "Cardamom prices fall by 0.7% on subdued demand")
Cardamom futures fell by 0.72% to Rs 709.20 per kg today, as traders indulged in reducing their holdings amid subdued spot demand.
Besides, sufficient stocks in the physical market also influenced its prices.
At the Multi Commodity Exchange, cardamom for January 2016 contract declined by Rs 5.20, or 0.72%, to Rs 709.20 a kg with a business turnover of 174 lots.
Analysts said offloading of positions by participants owing to a weak trend at spot market on subdued demand, mainly put pressure on cardamom prices at futures trade.
Besides, sufficient stocks in the physical market also influenced its prices.
At the Multi Commodity Exchange, cardamom for January 2016 contract declined by Rs 5.20, or 0.72%, to Rs 709.20 a kg with a business turnover of 174 lots.
Also Read
The spice for delivery in February was down by Rs 3.20, or 0.42%, to Rs 753 per kg with a trading volume of 43 lots.
Analysts said offloading of positions by participants owing to a weak trend at spot market on subdued demand, mainly put 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%