Cardamom prices soften 0.34% on profit-booking
At MCX, cardamom for delivery in far-month September fell by Rs 3.10, or 0.34 per cent, to Rs 912.50 per kg in business turnover of 48 lots.
By PTI | Updated:
NEW DELHI: Amid profit-booking by speculators at current levels, cardamom prices eased by 0.34 per cent to Rs 912.50 per kg in futures trade today.
Further, slackened demand in the spot markets influenced cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in far-month September fell by Rs 3.10, or 0.34 per cent, to Rs 912.50 per kg in business turnover of 48 lots.
Likewise, the spice for delivery in August contracts traded lower by Rs 1.20, or 0.13 per cent, to Rs 938.30 per kg in 254 lots.
Market analysts said besides profit-booking by speculators at existing levels, fall in demand in the spot market against adequate stocks position mainly led to the fall in cardamom prices at futures trade.
Further, slackened demand in the spot markets influenced cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in far-month September fell by Rs 3.10, or 0.34 per cent, to Rs 912.50 per kg in business turnover of 48 lots.
Likewise, the spice for delivery in August contracts traded lower by Rs 1.20, or 0.13 per cent, to Rs 938.30 per kg in 254 lots.
Market analysts said besides profit-booking by speculators at existing levels, fall in demand in the spot market against adequate stocks position mainly led to the fall in cardamom prices at futures trade.
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