Comments
Cardamom prices fell by Rs 22.40 to Rs 793.10 per kg in futures trade today as speculators reduced their positions amid a weak trend in the spot market on sluggish demand.
At the Multi Commodity Exchange, cardamom for delivery in November fell Rs 22.40 or 2.75 per cent to Rs 793.10 per kg, with a business turnover of 64 lots.
Similarly, the spice for September contract delivery lost Rs 16.10 or 2.22 per cent, to Rs 707.70 per kg in 307 lots.
Marketmen said offloading of positions by speculators in tandem with subdued demand in the spot market and adequate stock availability mainly led to the fall in cardamom futures prices.
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.