Comments
Cardamom futures prices fell by Rs 14.50 to Rs 1,551.10 a kg in futures trade on Wednesday, as speculators preferred to book profits triggered by subdued demand in the spot market.
Increased arrivals from producing regions also put pressure on prices in futures trade. At the Multi Commodity Exchange counter, cardamom for delivery in March declined by Rs 14.50 or 0.92 per cent to Rs 1,551.10 a kg, with a business turnover of 49 lots.
The commodity for delivery in January eased by Rs 9.40 or 0.64 per cent to Rs 1,452 a kg, with a business turnover of 34 lots.
February-month delivery contract moved down by Rs 9.60 or 0.62 per cent to Rs 1,519 a kg, with an open interest of 130 lots.
Market analysts said, besides profit taking by speculators at existing higher prices, fall in demand in the spot market also put pressure on prices at futures market.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.