Cardamom futures fall on profit-bookings
Adequate stocks availability in the physical market following increased arrivals from producing belts also put pressure on cardamom.
By PTI | Updated:
NEW DELHI: Cardamom prices fell by Rs 8.60 to Rs 888 per kg in futures trade today as speculators booked profits at prevailing higher levels amid a weak trend at spot market on sluggish demand.
Adequate stocks availability in the physical market following increased arrivals from producing belts also put pressure on cardamom.
At the Multi Commodity Exchange, cardamom for delivery in April fell by Rs 8.60, or 0.96 per cent to Rs 888 per kg in business turnover of 454 lots.
Similarly, the spice for delivery in the May traded lower by Rs 7.40, or 0.83 per cent to Rs 904.10 per kg in 99 lots.
Market analysts said profit-booking by speculators, driven by a weak trend at spot market on sluggish demand against adequate stocks position mainly influenced cardamom prices at futures trade.
Adequate stocks availability in the physical market following increased arrivals from producing belts also put pressure on cardamom.
At the Multi Commodity Exchange, cardamom for delivery in April fell by Rs 8.60, or 0.96 per cent to Rs 888 per kg in business turnover of 454 lots.
Similarly, the spice for delivery in the May traded lower by Rs 7.40, or 0.83 per cent to Rs 904.10 per kg in 99 lots.
Market analysts said profit-booking by speculators, driven by a weak trend at spot market on sluggish demand against adequate stocks position mainly influenced cardamom prices at futures trade.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Commodity outlook: Gold may stay weak; cardamom futures likely to rallyADVERTISEMENT
