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Cardamom down 0.2% on profit-booking

Spice for delivery in August contracts shed 20 paise, or 0.02%

Press Trust of India New Delhi
Amid profit-booking by participants, cardamom prices eased by 0.19 per cent to Rs 841.20 per kg in futures trade today.

Fall in demand at the spot markets also weighed on cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in July declined by Rs 1.60, or 0.19 per cent to Rs 841.20 per kg in a business turnover of 104 lots.

Spice for delivery in August contracts shed 20 paise, or 0.02 per cent to Rs 823.00 per kg in 46 lots.

Market analysts said besides profit-booking by speculators at existing levels, fall in demand at spot markets weighed on cardamom prices in futures market.

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First Published: Jul 01 2015 | 12:42 PM IST

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