Business Standard

Cardamom falls by 0.8% on profit-booking

Further, lower demand in the spot market also put pressure on cardamom prices in futures trade

Press Trust of India New Delhi
Cardamom futures fell by 0.83% to Rs 842 per kg today as speculators booked profits at existing higher levels.

Further, lower demand in the spot market also put pressure on cardamom prices in futures trade.

At the Multi Commodity Exchange, cardamom for June contracts declined by Rs 7.10, or 0.83%, to Rs 842 per kg with a business turnover of 18 lots.

The spice for delivery in May fell by Rs 5.80, or 0.68%, to Rs 838 per kg with a trading volume of 117 lots.

Marketmen said apart from profit-booking by speculators at existing levels, low demand at spot market put pressure on cardamom prices in futures market.

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First Published: Apr 21 2015 | 11:07 AM IST

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