Agri Business

Cardamom futures fall on profit-booking

PTI New Delhi | Updated on February 18, 2011

Cardamom being weighed and packed. File Picture by K. K. Mustafah.   -  Business Line

Cardamom prices fell by Rs 14.80 to Rs 1,362 a kg in futures trade on Friday as speculators booked profits amid sluggish demand in the spot market.

Adequate availability following increased arrivals in the physical market from producing regions fuelled the downtrend in cardamom prices.

At the Multi Commodity Exchange, cardamom for May contract delivery declined by Rs 14.80, or 1.07 per cent, to Rs 1,362 a kg in single lot.

Likewise, contracts of the spice for March delivery moved down by Rs 8.40, or 0.68 per cent, to Rs 1,294 a kg, with an open interest in one lot.

Market analysts said profit-booking by speculators and subdued demand in the spot market led to the decline in cardamom prices in futures trade.

Published on February 18, 2011

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