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Cardamom futures remain weak on sluggish demand

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Press Trust of India New Delhi
Last Updated : Sep 20 2016 | 11:48 AM IST
Cardamom prices fell further by 0.25 per cent to Rs 1,205.10 per kg in futures trade today as traders reduced exposures, triggered by tepid demand in the spot market against adequate stocks position.
At the Multi Commodity Exchange, cardamom for delivery in far-month November edged down by Rs 3, or 0.25 per cent, to Rs 1,205.10 per kg, in a business turnover of five lots.
Similarly, the spice for delivery in October shed 40 paise, or 0.03 per cent, to Rs 1,182 per kg in 86 lots.
Traders said offloading of positions by participants owing to slackened demand in the spot market against ample stocks position on higher supplies from producing belts mainly kept cardamom prices lower at futures trade.

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First Published: Sep 20 2016 | 11:48 AM IST

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