Commodities

Cardamom futures remain weak on profit-taking

PTI New Delhi | Updated on May 12, 2011 Published on May 12, 2011

Market analysts said continued profit-booking by speculators along with fall in spot market demand mainly led to fall in futures trade.   -  Business Line

Cardamom prices fell further by Rs 12.80 to Rs 945 a kg in futures trade today on continued profit-booking by speculators amid fall in demand in the spot market.

Increased arrivals in the physical market from producing regions further fuelled the downtrend in cardamom prices.

At the Multi Commodity Exchange, cardamom for July delivery declined by Rs 12.80 or 1.33 per cent to Rs 945 a kg, with a trading volume of 21 lots.

Likewise, cardamom for June delivery shed Rs 11.90, or 1.26 per cent to Rs 930 a kg with trade volume of 76 lots.

The spice for delivery in May also fell by Rs 5.40, or 0.59 per cent to Rs 900 a kg with open interest of 47 lots.

Market analysts said continued profit-booking by speculators along with fall in spot market demand mainly led to fall in futures trade.

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Published on May 12, 2011
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