Cardamom down 1.3% on profit booking
Adequate stocks availability in the physical market influenced the cardamom futures
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Cardamom prices fell 1.34% to Rs 705 per kg in futures trade today as speculators booked profits at prevailing higher levels amid sluggish demand in the spot market.
Adequate stocks availability in the physical market also influenced the cardamom futures.
At the Multi Commodity Exchange, cardamom for delivery in September fell by Rs 9.60, or 1.34%, to Rs 705 per kg,
With a business turnover of just one lot.
Similarly, the spice for delivery in October declined by Rs 7.20, or 0.92%, to Rs 770 per kg, with a business turnover of 431 lots.
Marketmen said besides profit-booking by speculators, sluggish demand in the spot market mainly kept pressure on cardamom prices at futures trade.
Adequate stocks availability in the physical market also influenced the cardamom futures.
At the Multi Commodity Exchange, cardamom for delivery in September fell by Rs 9.60, or 1.34%, to Rs 705 per kg,
With a business turnover of just one lot.
Similarly, the spice for delivery in October declined by Rs 7.20, or 0.92%, to Rs 770 per kg, with a business turnover of 431 lots.
Marketmen said besides profit-booking by speculators, sluggish demand in the spot market mainly kept pressure on cardamom prices at futures trade.
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First Published: Sep 10 2013 | 1:11 PM IST