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Business Daily from THE HINDU group of publications Thursday, October 16, 2008 ePaper | Mobile/PDA Version | Audio |
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Update at 1400 hrs (IST)
Commodities Cardamom futures plunges on profit-taking NEW DELHI: Cardamom futures fell in futures trading on Thursday on increased selling by speculators, triggered by a downward trend in spot markets. The most-active November contract dropped by 3.01 per cent on the Multi Commodity Exchange, in a trading v olume of 93 lots, while December contract drifted by 2.60 per cent in a trading volume of 107 lots. Market experts said fresh selling by speculators triggered by weakness in commodity prices in the spot markets, mainly led to downward movement of cardamom prices at the futures market here. They said reduced demand from exporting units was another damp ening factor for cardamom trading. - PTI
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