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

Cardamom falls by 1.2% on profit-booking

Besides, adequate stock in the physical market following increased arrivals from producing belts weighed

Cardamom falls by 1.2% on profit-booking
Press Trust of India New Delhi
Last Updated : Sep 14 2015 | 12:01 PM IST
Cardamom prices fell 1.23% to Rs 823 per kg in futures trade today after speculators booked profits at prevailing higher levels amid subdued demand in the spot market.

Besides, adequate stock in the physical market following increased arrivals from producing belts weighed.

At Multi Commodity Exchange, cardamom for delivery in October shed Rs 10.30, or 1.23%, to Rs 823 per kg in a business turnover of 229 lots.

Also Read

Also, the spice for delivery in September traded lower by Rs 9.80, or 1.17%, to Rs 825 per kg in just one lot.

Market analysts attributed the fall in cardamom futures to profit-booking by speculators at existing levels amid sluggish demand in the spot market.

More From This Section

First Published: Sep 14 2015 | 11:22 AM IST

Next Story