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Cardamom remains weak on profit-taking

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Press Trust of India New Delhi

Cardamom prices fell further by 1.06% to Rs 840 per kg in futures trade today amid profit-booking by speculators at prevailing levels.

Weak trend in spot markets following increased arrivals from producing region also influences the prices.

At the Multi Commodity Exchange, cardamom for August delivery declined by Rs 9, or 1.06%, to Rs 840 per kg, with a business turnover of 133 lots. 

The spice for September delivery eased by Rs 6.50, or 0.73%, to Rs 880 per kg with a trading volume of 424 lots.

Likewise, for delivery in October, the prices moved down by Rs 6, or 0.65%, to Rs 915 per kg, with an open interest of 23 lots. Market analysts said besides profit-booking by speculators at existing prices, fall in spot markets demand also put pressure cardamom futures prices.

 

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First Published: Jul 27 2011 | 1:51 PM IST

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