Business Standard

Cardamom down 0.5% on profit-booking

Spice for delivery in April fell by 0.28%

Press Trust of India New Delhi
Cardamom futures fell 0.51% to Rs 773.90 per kg today as traders reduced their holdings amid sluggish spot demand.

Besides, sufficient stocks position in the physical market also weighed on the prices.

At the Multi Commodity Exchange, cardamom for March contract declined by Rs 4, or 0.51%, to Rs 773.90 per kg with a business turnover of 370 lots.

The spice for delivery in April fell by Rs 2.30, or 0.28%, to Rs 809 per kg with a trading volume of 196 lots.

Marketmen said besides profit booking by speculators at existing levels, fall in demand in spot market put pressure on cardamom prices in futures market.

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First Published: Mar 04 2014 | 12:18 PM IST

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