Cardamom falls by 2.8% on profit-booking
Sufficient stocks position in the physical market also influenced the prices of the spice
 "Cardamom falls by 2.8% on profit-booking")
Cardamom futures traded 2.80% lower at Rs 660.80 per kg today after speculators booked profits at prevailing higher levels amid subdued spot demand.
Sufficient stocks position in the physical market also influenced the prices of the spice.
At the Multi Commodity Exchange, cardamom for February contract eased by Rs 19.10 or 2.80% to Rs 660.80 per kg, with a business turnover of 14 lots.
The spice for delivery in March fell by Rs 8.60, or 1.18%, to Rs 718.50 per kg, with a trading volume of 94 lots.
Marketmen said apart from profit-taking by speculators at existing prices, fall in demand in spot market also put pressure on cardamom prices at futures market.
Sufficient stocks position in the physical market also influenced the prices of the spice.
At the Multi Commodity Exchange, cardamom for February contract eased by Rs 19.10 or 2.80% to Rs 660.80 per kg, with a business turnover of 14 lots.
The spice for delivery in March fell by Rs 8.60, or 1.18%, to Rs 718.50 per kg, with a trading volume of 94 lots.
Marketmen said apart from profit-taking by speculators at existing prices, fall in demand in spot market also put pressure on cardamom prices at futures market.
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First Published: Feb 08 2016 | 11:02 AM IST