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

Cardamom futures weaken on subdued spot demand

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:22 AM IST

Cardamom prices fell by Rs 9.50 to Rs 874 per kg in futures trade today, owing to slack demand at existing higher levels.   

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

At the Multi Commodity Exchange, cardamom for July contract delivery fell by Rs 9.50, or 1.07%, to Rs 874 per kg with a business turnover of 713 lots.  

Similarly, the spice for September delivery eased by Rs 9.50, or 1.03%, to Rs 905 per kg with a business turnover of 127 lots, while October contracts for cardamom fell by Rs 7.80, or 0.82%, to Rs 935 per kg, with an open interest for 39 lots.

Analysts said a fall in demand at existing higher levels against fresh arrivals in the physical market mainly led to the fall in cardamom prices in futures trade.

More From This Section

First Published: Jul 26 2011 | 3:41 PM IST

Next Story