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Cardamom futures succumb to profit-booking, down 0.95%

Press Trust of India  |  New Delhi 

Cardamom prices fell 0.95 per cent to Rs 1,085 per kg in futures trade today as speculators booked profits at prevailing levels amid easing demand in the spot market.

Besides, sufficient stocks on higher arrivals from the major producing regions too weighed on the prices.

At the Multi Commodity Exchange, cardamom for delivery in September contract fell by Rs 10.40, or 0.95 per cent, to Rs 1,085 per kg, in a business turnover of 53 lots.

Similarly, the spice for delivery in October edged down by Rs 7.80, or 0.74 per cent, to Rs 1,045.90 per kg, with trading volume of just one lot.

Marketmen said besides profit-taking by speculators at existing levels, increased arrivals from producing regions, mainly put pressure on cardamom prices in the futures market.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 08 2017. 11:42 IST