Cardamom futures fall on profit-booking

Dec 04 2012, 14:09 IST
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SummaryCardamom futures prices fell by Rs 12.50 to Rs 965.10 per kg today.

Cardamom futures prices fell by Rs 12.50 to Rs 965.10 per kg today after speculators booked profits at prevailing higher levels amid sluggish spot demand.

Sufficient stocks holdings in the physical market also influenced the prices of the spice.

At the Multi Commodity Exchange, cardamom for the December contract declined by Rs 12.50, or 1.27 per cent, to Rs 965.10 per kg, with a business turnover of 1,090 lots.

The spice for delivery in January fell by Rs 12, or 1.14 per cent, to Rs 1,033.10 per kg, with a trading volume of 369 lots.

Marketmen said, besides profit-taking by speculators at existing higher prices, fall in demand in spot market also put pressure on cardamom prices at futures market.

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