Cardamom futures shed 1.71% on profit-booking
Amid profit-booking by speculators at prevailing levels, cardamom prices fell by 1.71 per cent to Rs 1,144 per kg in futures trade today.
By PTI | Updated:
NEW DELHI: Amid profit-booking by speculators at prevailing levels, cardamom prices fell by 1.71 per cent to Rs 1,144 per kg in futures trade today.
Adequate stocks availability in the physical market also put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in April fell by Rs 19.40, or 1.71 per cent to Rs 1,144 per kg in business turnover of 1,475 lots.
Similarly, the oil for delivery in May contract lost Rs 20.60, or 1.60 per cent, to Rs 1,267.70 per kg in 616 lots.
Market analysts said profit-booking by speculators at prevailing higher levels amid sluggish demand in the spot market mainly led to fall in cardamom prices at futures trade.
Adequate stocks availability in the physical market also put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in April fell by Rs 19.40, or 1.71 per cent to Rs 1,144 per kg in business turnover of 1,475 lots.
Similarly, the oil for delivery in May contract lost Rs 20.60, or 1.60 per cent, to Rs 1,267.70 per kg in 616 lots.
Market analysts said profit-booking by speculators at prevailing higher levels amid sluggish demand in the spot market mainly led to fall in cardamom prices at futures trade.
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