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Cardamom futures fall 1.21 pc on sluggish demand

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Press Trust of India New Delhi
Last Updated : Nov 23 2016 | 11:22 AM IST
Cardamom futures fell 1.21 per cent to Rs 1,286 per kg today as traders trimmed their holdings amid sluggish spot demand.
Moreover, adequate stock position following increased arrivals from producing regions also fuelled the downtrend.
At the Multi Commodity Exchange, the commodity for December eased by Rs 15.80, or 1.21 per cent, to Rs 1,286 per kg, with a business turnover of 94 lots.
The spice for delivery in January was trading lower by Rs 15.10, or 1.13 per cent, at Rs 1,324 per kg, with a trading volume of 28 lots.
Marketmen said offloading of positions by participants owing to a weak trend at spot market on subdued demand mainly put pressure on cardamom prices.

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First Published: Nov 23 2016 | 11:22 AM IST

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