Commodities

Cardamom falls on profit booking

PTI New Delhi | Updated on June 27, 2011

Analysts said besides profit-booking by speculators, subdued demand against increased arrivals in the physical market mainly led to a fall in prices.   -  Business Line

Cardamom prices fell by 2.50 per cent to Rs 846.60 per kg in futures trade today as speculators booked profits at existing high levels amid a weak trend at spot market on subdued demand.

At the Multi Commodity Exchange, cardamom for delivery in July fell by Rs 21.70 or 2.50 per cent to Rs 846.60 per kg with a business turnover of 517 lots.

Similarly, the spice for delivery in August lost Rs 20.80 or 2.34 per cent to Rs 867.50 per kg with an open interest of 135 lots.

Analysts said besides profit-booking by speculators, subdued demand against increased arrivals in the physical market mainly led to a fall in prices.

Published on June 27, 2011

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