Cardamom futures extend losses on low demand
The spice for delivery in December traded lower by Rs 2.30, or 0.27 per cent, to Rs 860.70 per kg in 130 lots.
By PTI |
NEW DELHI: Cardamom prices fell by 0.30 per cent to Rs 886.50 per kg in futures trade today as speculators indulged in offloading positions amidst sluggish demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery in January 2015 eased by Rs 2.70, or 0.30 per cent, to Rs 886.50 per kg in a business turnover of five lots.
In a similar fashion, the spice for delivery in December traded lower by Rs 2.30, or 0.27 per cent, to Rs 860.70 per kg in 130 lots.
Market analysts said offloading of positions by speculators, driven by sluggish demand in the spot market against adequate stocks position, mainly kept pressure on cardamom prices at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in January 2015 eased by Rs 2.70, or 0.30 per cent, to Rs 886.50 per kg in a business turnover of five lots.
In a similar fashion, the spice for delivery in December traded lower by Rs 2.30, or 0.27 per cent, to Rs 860.70 per kg in 130 lots.
Market analysts said offloading of positions by speculators, driven by sluggish demand in the spot market against adequate stocks position, mainly kept pressure on cardamom prices at futures trade.
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