Cardamom falls by 0.5% on easing demand
Speculators engaged in reducing positions on the back of fall in demand in the spot market
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Falling for the second straight day, cardamom prices shed 0.54% to Rs 814.50 per kg in futures trading today as speculators engaged in reducing positions on the back of fall in demand in the spot market.
Besides, adequate stocks position on higher supplies from producing region fuelled the downtrend.
At the Multi Commodity Exchange, cardamom for delivery in far-month October eased by Rs 4.40, or 0.54% to Rs 814.50 per kg in business turnover of 133 lots.
Likewise, the spice for delivery in September contracts eased by Rs 2.10, or 0.26% to Rs 801.10 per kg in 1 lot.
Analysts said offloading of positions by participants owing to slackened demand in the spot market against sufficient stocks mainly kept pressure on cardamom prices at futures trade.
Besides, adequate stocks position on higher supplies from producing region fuelled the downtrend.
At the Multi Commodity Exchange, cardamom for delivery in far-month October eased by Rs 4.40, or 0.54% to Rs 814.50 per kg in business turnover of 133 lots.
Likewise, the spice for delivery in September contracts eased by Rs 2.10, or 0.26% to Rs 801.10 per kg in 1 lot.
Analysts said offloading of positions by participants owing to slackened demand in the spot market against sufficient stocks mainly kept pressure on cardamom prices at futures trade.
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First Published: Sep 08 2015 | 10:57 AM IST