Press Trust of India / New Delhi Apr 12, 2012, 13:27 IST
Cardamom prices fell further by Rs 30.10 to Rs 1,082 per kg in futures trade today as speculators engaged in booking profits at existing levels, driven by a weak trend at spot market on sluggish demand.
Adequate stocks following increased arrivals from producing regions also weighed in on the cardamom futures here.
At the Multi Commodity Exchange, the May delivery declined by Rs 30.10, or 2.70%, to Rs 1,082 per kg in business turnover of 1,765 lots.
The April contract fell by Rs 19.10, or 1.95%, to Rs 960 per kg with trading volume of 317 lots.
Market analysts said continued profit-booking by speculators at prevailing higher levels against subdued demand in the spot market mainly kept pressure on the cardamom prices at futures trade
No comments:
Post a Comment