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This is an archive article published on October 4, 2012

Cardamom futures prices remain weak on profit booking

Cardamom remained weak and prices fell by Rs 29.10 to Rs 917.50 per kg.

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Cardamom remained weak and prices fell by Rs 29.10 to Rs 917.50 per kg in futures trade today after speculators booked profits amid subdued demand in the spot market.

Besides,adequate stocks following increased arrivals from producing belts put pressure on cardamom.

At the Multi Commodity Exchange,cardamom for delivery in November fell by Rs 29.10,or 3.07 per cent,to Rs 917.50 per kg,with a business turnover of 400 lots.

Likewise,the spice for delivery in October declined by Rs 23.50,or 2.48 per cent,to Rs 922.40 per kg,with an open interest of 1,201 lots.

Marketmen said besides profit-booking at existing levels,subdued demand in the spot market mainly influenced cardamom prices at futures market.

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