Cardamom declines 0.7% on profit-booking
Prices dropped as speculators booked profits, driven by weak spot market demand
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Cardamom futures for March declined by Rs 6.10, or, 0.70%, to Rs 863.50 per kg in 332 lots.
At the Multi Commodity Exchange (MCX), the April contract shed Rs 6, or 0.66%, to Rs 903.20 per kg in 585 lots.
Prices dropped as speculators booked profits, driven by weak spot market demand.
Further, increased arrivals from producing belts also put pressure on cardamom futures.
At the Multi Commodity Exchange (MCX), the April contract shed Rs 6, or 0.66%, to Rs 903.20 per kg in 585 lots.
Prices dropped as speculators booked profits, driven by weak spot market demand.
Further, increased arrivals from producing belts also put pressure on cardamom futures.
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First Published: Mar 11 2013 | 3:19 PM IST