Cardamom loses flavour on profit booking

PTI Updated - February 01, 2011 at 12:47 PM.

Fall in demand in spot market also put pressure on prices at futures market here. -- K.K. Mustafah

Cardamom futures prices declined by Rs 14.60 to Rs 1,354 a kg on Tuesday as speculators booked profits at prevailing levels.

Subdued demand against increased arrivals in the spot market from the producing region also put pressure on prices in futures trade.

At the Multi Commodity Exchange, cardamom for February contract declined by Rs 14.60 or 1.07 per cent to Rs 1,354 a kg, with a business volume of single lot.

Likewise, the spice for delivery in March contract moved down by Rs 14.40 or 1.02 per cent to Rs 1,403.60 a kg, with a business volume of one lot.

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

Published on February 1, 2011 07:17