Cardamom futures prices down on profit-booking

Increased arrivals from producing regions also put pressure on cardamom prices in futures trade.

Written by Agencies | New Delhi | Published:September 11, 2012 12:49 pm

Cardamom prices fell by Rs 17.90 to Rs 815 per kg in futures trade today as speculators booked profits amid subdued demand in the spot market.

Increased arrivals from producing regions also put pressure on cardamom prices in futures trade.

At the Multi Commodity Exchange,cardamom for delivery in September fell by Rs 17.90,or 2.15 per cent,to Rs 815 per kg,with a business turnover of 84 lots.

Similarly,the spice for delivery in October declined by Rs 10.80,or 1.05 per cent,to Rs 1,012 per kg,with a business turnover of 225 lots.

Marketmen said besides profit-booking at existing higher levels,a fall in demand in the spot market put pressure on cardamom prices in futures trade.

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