Cardamom falls by 1.7% on profit-booking
Speculators booked profits at prevailing higher levels amid subdued demand in the spot market
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Cardamom prices fell 1.75% to Rs 821 per kg in futures trade today after speculators booked profits at prevailing higher levels amid subdued demand in the spot market.
Besides, adequate stocks in the physical market following increased arrivals from producing belts weighed on prices.
At the Multi Commodity Exchange, cardamom for delivery in September fell Rs 14.70, or 1.75%, to Rs 821 per kg in a business turnover of 283 lots.
Also, the spice for delivery in October traded lower by Rs 7.70, or 0.91%, to Rs 836 per kg in 163 lots.
Market analysts attributed the fall in cardamom futures to profit-booking by speculators at existing levels amid sluggish demand in the spot market.
Besides, adequate stocks in the physical market following increased arrivals from producing belts weighed on prices.
At the Multi Commodity Exchange, cardamom for delivery in September fell Rs 14.70, or 1.75%, to Rs 821 per kg in a business turnover of 283 lots.
Also, the spice for delivery in October traded lower by Rs 7.70, or 0.91%, to Rs 836 per kg in 163 lots.
Market analysts attributed the fall in cardamom futures to profit-booking by speculators at existing levels amid sluggish demand in the spot market.
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First Published: Sep 03 2015 | 11:32 AM IST