Don’t miss the latest developments in business and finance.

Cardamom declines 0.7% on profit-booking

Prices dropped as speculators booked profits, driven by weak spot market demand

Press Trust of India New Delhi
Last Updated : Mar 11 2013 | 3:20 PM IST
Cardamom futures for March declined by Rs 6.10, or, 0.70%, to Rs 863.50 per kg in 332 lots.

At the Multi Commodity Exchange (MCX), the April contract shed Rs 6, or 0.66%, to Rs 903.20 per kg in 585 lots.

Prices dropped as speculators booked profits, driven by weak spot market demand.

Further, increased arrivals from producing belts also put pressure on cardamom futures.

More From This Section

First Published: Mar 11 2013 | 3:19 PM IST

Next Story