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Cardamom falls by 0.8% on profit booking

Traders reduced holdings amid sluggish spot demand amid profit-booking

Press Trust of India New Delhi
Cardamom futures fell by 0.80% to Rs 864 per kg today as traders reduced holdings amid sluggish spot demand amid profit-booking.

At the Multi Commodity Exchange, cardamom for May contracts declined by Rs 7, or 0.80%, to Rs 864 per kg with a business turnover of 155 lots.

The spice for delivery in June month fell by Rs 3.20, or 0.36%, to Rs 879.30 per kg with a trading volume of 3 lots.

Marketmen said apart from profit booking by speculators at existing levels, low demand at spot market put pressure on cardamom prices in futures market.
 

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First Published: Apr 13 2015 | 1:57 PM IST

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