NEW DELHI: Cardamom prices plunged 3.90 per cent to Rs 757 per kg in futures trade today as speculators booked profits at prevailing higher levels amid subdued demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery in February declined by Rs 30.80, or 3.90 per cent, to Rs 757 per kg in a business turnover of 871 lots.
Likewise, the spice for delivery in March shed Rs 29.80, or 3.64 per cent, to Rs 788 per kg with a trading volume of 813 lots.
Market analysts said speculators booking profits at prevailing higher levels and subdued demand in the spot market that kept pressure on cardamom prices at futures trade.
No comments:
Post a Comment