Cardamom futures down on profit-booking
At the Multi Commodity Exchange, cardamom for March contracts eased by Rs 10.80, or 0.95 per cent, to Rs 1,120.90 per kg, with a business turnover of 109 lots.
By PTI |
NEW DELHI: Cardamom futures prices fell by Rs 10.80 to Rs 1,120.90 per kg today after speculators booked profits at prevailing higher levels amid subdued spot demand.
Besides, sufficient stocks position in the physical market put pressure on prices of the spice.
At the Multi Commodity Exchange, cardamom for March contracts eased by Rs 10.80, or 0.95 per cent, to Rs 1,120.90 per kg, with a business turnover of 109 lots.
The spice for delivery in February fell by Rs 6, or 0.55 per cent, to Rs 1,067.60 per kg, with a trading volume of 191 lots.
Marketmen said besides profit-taking by speculators at existing prices, fall in demand in spot market put pressure on cardamom prices at futures market.
Besides, sufficient stocks position in the physical market put pressure on prices of the spice.
At the Multi Commodity Exchange, cardamom for March contracts eased by Rs 10.80, or 0.95 per cent, to Rs 1,120.90 per kg, with a business turnover of 109 lots.
The spice for delivery in February fell by Rs 6, or 0.55 per cent, to Rs 1,067.60 per kg, with a trading volume of 191 lots.
Marketmen said besides profit-taking by speculators at existing prices, fall in demand in spot market put pressure on cardamom prices at futures market.
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