Cardamom futures remain weak on muted demand

Image
Press Trust of India New Delhi
Last Updated : Feb 18 2016 | 11:57 AM IST
Cardamom prices were down by 0.35 per cent to Rs 689.70 per kg in futures trade today, extending its slide for the third-straight day, as traders continued to trim positions owing to slackened demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery in March traded lower by Rs 2.40, or 0.35 per cent to Rs 689.70 per kg in business turnover of 165 lots.
On similar lines, the spice for delivery in April contracts edged down by Re 1, or 0.14 per cent to Rs 721 per kg in 12 lots.
Analysts said offloading of positions by participants on the back of sluggish demand in the spot market against adequate stocks position mainly kept cardamom prices lower 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: Feb 18 2016 | 11:57 AM IST

Next Story