Comments
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.
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.