Commodities

Cardamom loses flavour on profit booking

PTI New Delhi | Updated on January 18, 2011 Published on January 18, 2011

FALL IN DEMAND: Fresh arrivals in the spot market from producing regions also put some pressure on the prices in futures trade. -- K.K. Mustafah   -  Business Line

Cardamom prices drifted by Rs 18.50 to Rs 1,581.60 a kg in futures trade on Tuesday on profit-booking by speculators and sluggish spot demand,.

Fresh arrivals in the spot market from producing regions also put some pressure on the prices in futures trade. At the Multi Commodity Exchange, cardamom for March fell by Rs 18.50 or 1.16 per cent to Rs 1,581.60 a kg, with a business turnover of two lots.

Similarly, the spice for delivery in February moved down by Rs 16.50 or 1.06 per cent to Rs 1,540 a kg, with a business volume of two lots.

Market analysts said besides profit booking by speculators at existing prices, fall in demand in spot market also put pressure on prices at the futures market.

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Published on January 18, 2011
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