Cardamom futures decline 1.51% on profit-booking

Cardamom prices fell by Rs 14.90 to Rs 972.20 per kg in futures trade.

Written by Agencies | New Delhi | Published: September 18, 2012 12:38 pm

Cardamom prices fell by Rs 14.90 to Rs 972.20 per kg in futures trade today as speculators booked profits amid fall in demand in the spot market.

Besides,adequate stocks availability in the physical market following higher arrivals from producing regions also put pressure on cardamom prices.

At the Multi Commodity Exchange,cardamom for delivery in October fell by Rs 14.90,or 1.51 per cent,to Rs 972.20 per kg,with a business turnover of 1,304 lots.

Likewise,the spice for delivery in November lost Rs 9.20,or 0.91 per cent,to Rs 997.30 per kg,with a business turnover of 330 lots.

Marketmen said besides profit-booking by speculators,fall in spot market demand mainly influenced cardamom prices at futures trade.

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