Cardamom futures fall 1.38% on profit-booking
Cardamom prices fell by 1.38 per cent to Rs 697.20 per kg in futures trade today as speculators booked profits at prevailing levels.
By PTI |
NEW DELHI: Cardamom prices fell by 1.38 per cent to Rs 697.20 per kg in futures trade today as speculators booked profits at prevailing levels amid subdued demand in the spot market.
Adequate stocks in the physical market also put pressure on the cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in June declined by Rs 9.80, or 1.38 per cent, to Rs 697.20 per kg in business turnover of 907 lots.
Likewise, the spice for delivery in the July contract shed Rs 4, or 0.54 per cent, to Rs 727.20 per kg with trading volume of 153 lots.
Market analysts said profit-booking by speculators at prevailing higher levels and subdued demand in the spot market against adequate stocks position mainly kept pressure on the cardamom prices at futures trade.
Adequate stocks in the physical market also put pressure on the cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in June declined by Rs 9.80, or 1.38 per cent, to Rs 697.20 per kg in business turnover of 907 lots.
Likewise, the spice for delivery in the July contract shed Rs 4, or 0.54 per cent, to Rs 727.20 per kg with trading volume of 153 lots.
Market analysts said profit-booking by speculators at prevailing higher levels and subdued demand in the spot market against adequate stocks position mainly kept pressure on the cardamom prices at futures trade.
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