Cardamom futures prices extend losses on profit-booking

Cardamom remained weak with prices falling further by Rs 4.90 to Rs 950.40 per kg in futures trade.

Written by Agencies | New Delhi | Published:October 17, 2012 1:50 pm

Cardamom remained weak with prices falling further by Rs 4.90 to Rs 950.40 per kg in futures trade today on profit-booking by speculators amid subdued demand in the spot market.

At the Multi Commodity Exchange,cardamom for delivery in December declined by Rs 4.90,or 0.51 per cent,to Rs 950.40 per kg in business turnover of 63 lots.

Similarly,the spice for delivery in November shed Rs 3.40,or 0.30 per cent,to Rs 951.90 per kg in 358 lots.\

Market analysts said besides profit-taking by speculators,subdued demand in the spot market against adequate stocks availability mainly kept pressure on cardamom

prices at futures trade.

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