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

Cardamom futures down on profit booking

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 3:38 AM IST

Cardamom futures prices fell by 15.80, or 0.91 per cent, to Rs 1,719 per kg  today, as speculators booked profits after recent gains.

Adequate stocks in the physical markets, driven by increased arrivals from the producing belts also put pressure on the cardamom prices at futures market here.

At the Multi Commodity Exchange, cardamom for August contract fell by Rs 15.80, or 0.91 per cent, to Rs 1,719 per kg, with an open interest of 1,316 lots.

Similarly, the spice for delivery in July contract lost Rs 8.40, or 0.45 per cent, to Rs 1,864.50 per kg, with an open interest of 2,671 lots.

Analysts said profit booking by traders after recent gains, led to a decline in cardamom futures prices here.

Also Read

First Published: Jul 05 2010 | 1:32 PM IST

Next Story