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Cardamom futures down on profit-booking

Cardamom for delivery in August declined by 0.7%

Press Trust of India New Delhi
Cardamom futures prices today fell further by 2.68% to Rs 713.30 per kg as speculators booked profits at prevailing levels amid subdued spot demand.

At the Multi Commodity Exchange, cardamom for delivery in July declined by Rs 19.70, or 2.68%, to Rs 713.30 per kg, with a business turnover of 1,456 lots.

Likewise, cardamom for delivery in August declined by Rs 5.90, or 0.76%, to Rs 764.70 per kg, with a trading volume of 945 lots.

Market analysts said besides profit-booking by speculators, subdued demand in the spot market against adequate stocks position also kept pressure on the cardamom prices at futures trade.

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First Published: Jul 02 2013 | 12:04 PM IST

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