Cardamom declines 0.3% on profit-booking
Sluggish spot demand affected the trade
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Cardamom futures for April fell by Rs 3.30, or 0.32%, to Rs 840.70 per kg in 121 lots.
At the Multi Commodity Exchange (MCX), the May contract traded lower by Rs 2.20, or 0.21%, to Rs 868.30 per kg in 365 lots.
Prices declined as speculators booked profit at prevailing higher levels amid sluggish spot market demand.
Adequate stocks in physical market following higher supplies from producing regions also influenced cardamom futures trade.
At the Multi Commodity Exchange (MCX), the May contract traded lower by Rs 2.20, or 0.21%, to Rs 868.30 per kg in 365 lots.
Prices declined as speculators booked profit at prevailing higher levels amid sluggish spot market demand.
Adequate stocks in physical market following higher supplies from producing regions also influenced cardamom futures trade.
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First Published: Apr 12 2013 | 2:15 PM IST