Cardamom futures extend losses on profit-booking
Press Trust of India: New Delhi, Dec 14 2012, 13:49 IST
Cardamom continued its downward journey for the fourth day with prices falling by Rs 15.30 to Rs 1,002 per kg in futures trade today due to profit-booking by speculators amid adequate stocks in the spot market.
Marketmen said trading sentiment weakened as the traders booked profits at the prevailing levels amid adequate stocks on higher supplies.
At the Multi Commodity Exchange, cardamom prices for January contract fell by Rs 15.30, or 1.50 per cent, to Rs 1,002 per kg, with a business turnover of 1,489 lots. The spice for delivery in December declined by Rs 12.40, or 1.40 per cent, to Rs 876.20 per kg, with a trading volume of 44 lots.
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