Business Standard

Cardamom sheds 2% on profit-booking

Image

Press Trust of India New Delhi

Cardamom prices fell by Rs 19.50 to Rs 881 per kg in futures trade today due to profit-booking by speculators and a weak trend at spot market.

At the Multi Commodity Exchange, cardamom for delivery in May month fell by Rs 19.50, or 2.17%, to Rs 881 per kg in business turnover of 207 lots.

The February contract shed Rs 1.20, or 0.16%, to Rs 727 per kg in 216 lots.

Analysts said profit booking by speculators and a weak trend at spot markets on subdued demand led to fall in cardamom futures.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 15 2012 | 3:57 PM IST

Explore News