Cardamom futures fall 0.59% on profit-booking

Image
Press Trust of India New Delhi
Last Updated : Aug 17 2015 | 4:57 PM IST
Amid profit-booking by speculators at prevailing levels, cardamom fell 0.59 per cent to Rs 812.30 per kg in futures trading today.
Besides, subdued demand against 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 September fell Rs 4.90, or 0.59 per cent, to Rs 812.30 per kg in a business turnover of 390 lots.
Similarly, the spice for delivery in October traded lower by Rs 4.60, or 0.56 per cent, to Rs 813.70 per kg in 7 lots.
Market analysts attributed the fall in cardamom futures to profit-booking by speculators at existing levels amid sluggish demand at the spot market.

More From This Section

First Published: Aug 17 2015 | 4:57 PM IST

Next Story