 "Cardamom sheds 1.86% on profit-booking")
Cardamom prices fell 1.86 per cent to Rs 788 per kg in futures trading today after speculators locked in gains at prevailing higher levels amid subdued demand in the spot market.
Furthermore, adequate stocks in the physical market following increased arrivals from producing belts put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in October fell Rs 15, or 1.86 per cent, to Rs 788 per kg in a business turnover of 79 lots.
Market analysts attributed the fall in cardamom futures to profit-booking by speculators at existing levels amid sluggish demand in the spot market.
Furthermore, adequate stocks in the physical market following increased arrivals from producing belts put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in October fell Rs 15, or 1.86 per cent, to Rs 788 per kg in a business turnover of 79 lots.
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The November contract traded lower by Rs 10, or 1.20 per cent, to Rs 819 per kg in 57 lots.
Market analysts attributed the fall in cardamom futures to profit-booking by speculators at existing levels amid sluggish demand in the spot market.