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Cardamom declines on sluggish demand

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Press Trust of India New Delhi

Cardamom futures fell by Rs 10 to Rs 745.80 per kg in futures trade today as speculators offloaded their positions on the back of sluggish spot market demand.

Adequate stocks position on increased supplies in the physical market also influenced the trading sentiment.

At the Multi Commodity Exchange, October cardamom fell by Rs 10, or 1.32% to Rs 745.80 per kg in a business turnover of 442 lots.

The September contract shed Rs 7.80, or 1.16% to Rs 664.80 per kg in 322 lots.

Traders said sluggish demand spot market demand at existing higher levels against adequate supply from producing regions, mainly led to the fall in cardamom futures prices.

 

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First Published: Sep 12 2011 | 1:17 PM IST

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