Cardamom falls by 0.4% on profit-booking
Speculators indulged in booking-profit amid decline in demand
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Cardamom prices fell 0.44% to Rs 890.10 per kg in futures trade today as speculators booking-profits amid decline in demand in spot markets.
Besides, adequate stocks position in the physical market on increased arrivals from producing belts put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in far-month January edged lower by Rs 3.90, or 0.44% to Rs 890.10 per kg in business turnover of 15 lots.
Likewise, the spice for delivery in December contracts traded lower by Rs 3.30, or 0.38% to Rs 868.20 per kg in 285 lots.
Market analysts said besides profit-booking by speculators, fall in demand in the spot markets, mainly influenced cardamom prices at futures trade.
Besides, adequate stocks position in the physical market on increased arrivals from producing belts put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in far-month January edged lower by Rs 3.90, or 0.44% to Rs 890.10 per kg in business turnover of 15 lots.
Likewise, the spice for delivery in December contracts traded lower by Rs 3.30, or 0.38% to Rs 868.20 per kg in 285 lots.
Market analysts said besides profit-booking by speculators, fall in demand in the spot markets, mainly influenced cardamom prices at futures trade.
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First Published: Nov 18 2014 | 11:07 AM IST