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

Cardamom weakens 0.4% on adequate supply

Adequate stocks influence prices

Image
Press Trust of India New Delhi
Last Updated : Jan 24 2013 | 1:04 PM IST

Cardamom weakened by Rs 3.50 to Rs 877 per kg in futures trading today as speculators trimmed positions amid adequate supplies in the spot market from producing regions against subdued demand.

Adequate stocks following higher arrivals from producing regions kept pressure on cardamom futures.

At the Multi Commodity Exchange, cardamom for delivery in December declined by Rs 3.50, or 0.40%, to Rs 877 per kg, with a business turnover of 43 lots.

November cardamom shed Rs 1.40, or 0.17%, to Rs 809 per kg, with a business turnover of 194 lots.

Marketmen said increased supplies from producing regions against subdued demand in the spot market caused cardamom futures to trade lower.

Also Read

First Published: Nov 01 2012 | 1:01 PM IST

Next Story