Business Standard

Cardamom down 0.3% on higher supply

Spice for delivery in May traded lower by 0.30%

Press Trust of India New Delhi
Cardamom futures prices today fell by 0.37% to Rs 824 per kg as speculators reduced their positions due to adequate stocks in the physical market on higher supply from producing belts.

Besides, profit-booking by speculators at prevailing higher levels too put pressure.

At the Multi Commodity Exchange, cardamom for delivery in April declined by Rs 3.10, or 0.37%, to Rs 824 per kg in business turnover of 260 lots.

Similarly, the spice for delivery in May traded lower by Rs 2.60, or 0.30%, to Rs 855 per kg in 50 lots.

Market analysts said offloading of positions by traders amid profit-booking, mainly helped cardamom futures to trade lower.

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First Published: Mar 20 2014 | 12:18 PM IST

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