Commodities

Cardamom falls on profit taking

PTI New Delhi | Updated on April 07, 2011

Traders said besides profit-booking by speculators, subdued demand in the spot market also weighed down on cardamom prices. PHOTO K.K. Mustafah   -  Business Line

Cardamom prices declined by Rs 7.10 to Rs 1,122 a kg in futures trade today as speculators indulged in profit-booking amid a weak trend at the spot markets due to subdued demand.

Adequate stocks position in the physical market also put pressure on prices.

At the Multi Commodity Exchange, cardamom for delivery in April declined by Rs 7.10 or 0.63 per cent to Rs 1,122 a kg, with a business turnover of two lots.

Similarly, the spice for delivery in May lost Rs 5.60 or 0.48 per cent to Rs 1,154 a kg, with an open interest of a single lot.

Traders said besides profit-booking by speculators, subdued demand in the spot market also weighed down on prices.

Published on April 07, 2011

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

This article is closed for comments.
Please Email the Editor