Cardamom down on profit-booking
Speculators booked profits at prevailing higher levels amid subdued spot demand
)
Cardamom futures prices fell by Rs 10.80 to Rs 1,120.90 per kg today after speculators booked profits at prevailing higher levels amid subdued spot demand.
Besides, sufficient stocks position in the physical market put pressure on prices of the spice.
At the Multi Commodity Exchange, cardamom for March contracts eased by Rs 10.80, or 0.95%, to Rs 1,120.90 per kg, with a business turnover of 109 lots.
The spice for delivery in February fell by Rs 6, or 0.55%, to Rs 1,067.60 per kg, with a trading volume of 191 lots.
Marketmen said besides profit-taking by speculators at existing prices, fall in demand in spot market put pressure on cardamom prices at futures market.
Besides, sufficient stocks position in the physical market put pressure on prices of the spice.
At the Multi Commodity Exchange, cardamom for March contracts eased by Rs 10.80, or 0.95%, to Rs 1,120.90 per kg, with a business turnover of 109 lots.
The spice for delivery in February fell by Rs 6, or 0.55%, to Rs 1,067.60 per kg, with a trading volume of 191 lots.
Marketmen said besides profit-taking by speculators at existing prices, fall in demand in spot market put pressure on cardamom prices at futures market.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jan 30 2015 | 12:15 PM IST