Comments
Cardamom prices fell further by Rs 19 to Rs 1,278 a kg in futures trade today on continued profit booking by speculators amid subdued in demand in the spot market.
Adequate stocks in the spot market following increased arrivals from southern producing regions also fuelled the downtrend in prices.
At the Multi Commodity Exchange, cardamom for March contract fell by Rs 19 or 1.46 per cent to Rs 1,278 a kg, with a business volume of a single lot.
Similarly, the spice for delivery in February contract declined by Rs 8.90 or 0.72 per cent to Rs 1,221 a kg, with an open interest of one lot.
Market analysts said continued profit booking by speculators, subdued demand in the spot market led to the decline in prices at futures trade.
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.