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Cardamom futures falls 0.77% on profit-booking

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Press Trust of India New Delhi
Cardamom futures traded 0.77 per cent lower at Rs 847.50 per kg today after speculators booked profits at prevailing higher levels amid subdued spot demand.

Sufficient stocks position in the physical market also influenced the prices of the spice.

At the Multi Commodity Exchange, cardamom for June contract eased by Rs 6.60 or 0.77 per cent to Rs 847.50 per kg, with a business turnover of 135 lots.

The spice for delivery in July fell by Rs 3.10, or 0.35 per cent, to Rs 872 per kg, with a trading volume of 8 lots.

Marketmen said apart from profit-taking by speculators at existing prices, fall in demand in spot market also put pressure on cardamom prices at futures market.

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First Published: May 23 2016 | 10:57 AM IST

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