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Cardamom loses 1% on profit-booking

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 1:22 AM IST

Cardamom prices fell by Rs 6.90 to Rs 663.20 per kg in futures trade today as speculators booked profits amid subdued demand in the spot market.

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

At the Multi Commodity Exchange, the March contract declined by Rs 6.90, or 1.02%, to Rs 663.20 per kg, with an open interest for 29 lots.

The January cardamom delivery fell by Rs 5.30, or 0.86%, to Rs 604 per kg in 354 lots, while February contract cardamom lost Rs 5.20, or 0.81%, to Rs 635 per kg, with an open interest for 63 lots.

Marketmen said in addition to profit-booking by speculators at existing higher prices, a fall in demand in the spot market also put pressure on cardamom prices in the futures market.

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First Published: Dec 19 2011 | 1:25 PM IST

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