 "Cardamom dips by 0.7% on profit-booking")
Cardamom prices fell 0.72% to Rs 799 per kg in futures trade today, amid profit-booking by speculators and slackened demand at the spot market.
Furthermore, adequate stock in the physical market on higher supplies from producing belts influenced cardamom prices.
At Multi Commodity Exchange, cardamom for delivery in July was trading lower by Rs 5.80, or 0.72% to Rs 799.00 per kg in a business turnover of 424 lots.
Marketmen said besides profit-booking by speculators at prevailing levels, fall in demand in the spot market mainly led to fall in cardamom prices at futures trade.
Furthermore, adequate stock in the physical market on higher supplies from producing belts influenced cardamom prices.
At Multi Commodity Exchange, cardamom for delivery in July was trading lower by Rs 5.80, or 0.72% to Rs 799.00 per kg in a business turnover of 424 lots.
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On similar lines, the spice for delivery in August contracts edged down by Rs 1.20, or 0.15% to Rs 785.80 per kg in 28 lots.
Marketmen said besides profit-booking by speculators at prevailing levels, fall in demand in the spot market mainly led to fall in cardamom prices at futures trade.