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Cardamom falls 0.76% on profit-booking

Subdued demand, adequate stock also pressurised prices

Press Trust of India  |  New Delhi 

Cardamom prices today fell by Rs 10 to Rs 1,289.30 per kg, as speculators booked profits at prevailing levels amid subdued spot demand.

Adequate stocks availability in the physical market also put pressure on the cardamom prices.

However, strong export demand restricted the losses.
At the MCX, cardamom for delivery in July declined by Rs 10, or 0.76%, to Rs 1,289.30 per kg in business turnover of 112 lots.

The June contract shed Rs 9.60, or 0.71%, to Rs 1,332 per kg, with a trading volume of 430 lots.

Market analysts said besides profit-booking by speculators at prevailing higher levels, subdued demand in the spot market against adequate stocks position mainly kept pressure on cardamom futures prices.

First Published: Tue, June 05 2012. 14:48 IST