Cardamom remains weak on profit booking

| | Updated on: Feb 15, 2011
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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.

Published on February 15, 2011

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