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Cardamom futures fall on profit-booking

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:09 AM IST

Cardamom futures prices fell by Rs 21.60 to Rs 823.50 per kg in futures trading today as speculators booked profits at existing high levels.

Fresh arrivals in the spot market from producing belts also put pressure on cardamom futures prices.

At the Multi Commodity Exchange, cardamom for delivery in September fell by Rs 21.60, or 2.56% to Rs 823.50 per kg, with a business turnover of 78 lots.  

Likewise, the spice for delivery in June lost Rs 19.60, or 2.47% to Rs 773.20 per kg, with a business volume of 454 lots. Analysts said profit-booking by speculators and fall in demand in the spot market mainly led to a fall in cardamom futures prices.

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First Published: May 30 2011 | 2:02 PM IST

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