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Cardamom futures fall 1.28% on profit-booking

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Press Trust of India New Delhi
Cardamom prices were down 1.28 per cent to Rs 820 per kg in futures trade today as speculators booked profits at prevailing higher levels amid sluggish demand in the spot market.

Adequate stocks position in the physical market also weighed on cardamom futures.

At the Multi Commodity Exchange, cardamom for delivery in November fell by Rs 10.70, or 1.28 per cent, to Rs 820 per kg, with a business turnover of 59 lots.

Similarly, the spice for delivery in October declined by Rs 8.40, or 1.03 per cent, to Rs 804 per kg, with a business turnover of 375 lots.
 

Marketmen said apart from profit-booking by speculators, sluggish demand in the spot market mainly kept pressure on cardamom prices at futures trade.

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First Published: Sep 18 2015 | 5:07 PM IST

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