Business Standard

Cardamom prices drop by 2.1% on profit-booking

Fall in demand at spot market also put pressure on prices

Press Trust of India New Delhi
Cardamom futures fell 2.05% to Rs 962 per kg today as traders reduced holdings on weak spot demand.

At the Multi Commodity Exchange, cardamom for May contract declined by Rs 20.20, or 2.05%, to Rs 962 per kg with a business turnover of 24 lots.

Cardamom for delivery in April fell by Rs 16.30, or 1.62%, to Rs 988.10 per kg with trading volume of 535 lots.

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

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First Published: Mar 16 2015 | 12:07 PM IST

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