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

Cardamom down 0.5% on profit booking

Spice for delivery in November month fell by 0.28%

Press Trust of India New Delhi
Last Updated : Nov 12 2013 | 1:47 PM IST
Cardamom futures prices fell by Rs 3.70 to Rs 730 per kg today, as traders reduced their holdings on account of sluggish demand at the prevailing increased levels.

Sufficient stocks holdings in the physical market also influenced the cardamom prices.

At the Multi Commodity Exchange, cardamom for December contract declined by Rs 3.70, or 0.50%, to Rs 730 per kg, with a business turnover of 224 lots.

Also Read

The spice for delivery in November month fell by Rs 2.10, or 0.28%, to Rs 733 per kg, with a trading volume of 8 lots.

Marketmen said, besides profit taking by speculators at existing higher prices, fall in demand in spot market also put pressure on cardamom prices in futures market.

More From This Section

First Published: Nov 12 2013 | 1:45 PM IST

Next Story