Agri Business

Cardamom futures dip

PTI New Delhi | Updated on January 05, 2011 Published on January 05, 2011

SLUGGISH DEMAND: Adequate stocks following increased arrivals in the spot market from southern producing region also put pressure on prices at the futures market here. -- K.K. Mustafah   -  Business Line

Cardamom futures prices tumbled by Rs 41 to Rs 1,575 a kg in futures trade on Wednesday on continued profit booking by speculators, amid sluggish demand in the spot market.

Adequate stocks following increased arrivals in the spot market from southern producing region also put pressure on prices at the futures market here.

At the Multi Commodity Exchange counter, cardamom for April-month delivery tumbled by Rs 41 or 2.56 per cent to Rs 1,575 a kg, with a business turnover of just one lot.

Similarly, the spice for delivery in January dipped by Rs 31.70 or 2.07 per cent to Rs 1,525.10 a kg, with an open interest of four lots.

Market analysts said profit booking by speculators and fall in demand at existing higher levels pulled down prices at futures trade.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on January 05, 2011
This article is closed for comments.
Please Email the Editor