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Cardamom futures fall 3 pc on profit-booking

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Press Trust of India New Delhi
Last Updated : Sep 14 2018 | 11:50 AM IST

Cardamom prices fell 3 per cent to Rs 1,388.50 per kg in futures trade on Friday as speculators booked their profits at prevailing levels amid easing demand at the spot market.

Besides, sufficient stocks on higher arrivals from the major producing belts exerted pressure on cardamom futures prices.

At the Multi Commodity Exchange, cardamom for October contract fell by Rs 42.90, or 3 per cent, to Rs 1,388.50 per kg in a business turnover of 53 lots.

Similarly, the spice for delivery in November edged down by Rs 42, or 2.90 per cent, to Rs 1,404 per kg with a trading volume of just one lot.

Marketmen said besides profit-taking by speculators at existing levels, increased arrivals from producing regions exerted pressure on cardamom futures.

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First Published: Sep 14 2018 | 11:50 AM IST

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