Commodities

Cardamom futures tumble on profit booking

PTI New Delhi | Updated on February 16, 2011

Adequate stocks following increased arrivals in the physical market from producing regions fuelled the downtrend in prices. -- K.K. Mustafah   -  Business Line

Cardamom futures tumbled by Rs 48.90 to Rs 1,379 a kg today on continued profit booking by speculators amid fall in demand in the spot market.

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

At the Multi Commodity Exchange, cardamom for May contract tumbled by Rs 48.90 or 3.42 per cent to Rs 1,379 a kg, with a business volume of a single lot.

Likewise, the spice for delivery in February contract declined by Rs 36.20 or 2.83 per cent to Rs 1,245 a kg, with a business volume of one lot.

Market analysts said profit booking by speculators, fall in demand in the spot market led to the decline in prices at futures trade.

Published on February 14, 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