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Cardamom falls 3% on profit-booking

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

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Press Trust of India New Delhi
Last Updated : Jan 25 2013 | 5:33 AM IST

Cardamom futures prices today fell by Rs 29.30 to Rs 946 per kg, as speculators booked profits amid subdued demand in the spot market.

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

At the Multi Commodity Exchange, the October contract for cardamom plunged by Rs 29.30, or 3%, to Rs 946 per kg, with a business turnover of 600 lots.

The November contract declined by Rs 16.70, or 1.83%, to Rs 895 per kg, with a trading volume of 886 lots.

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

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First Published: Oct 15 2012 | 12:55 PM IST

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