Friday, February 28, 2014

Cardamom down 0.6% on profit-booking

Spice for delivery in March contract shed 0.56%

 prices declined by 0.66% to Rs 832.00 per kg in futures trade today as speculators booked profits at prevailing higher levels amid sluggish demand in the spot market.

At the , cardamom for delivery in April declined by Rs 5.50, or 0.66% to Rs 832.00 per kg in business turnover of 90 lots.

Similarly, the spice for delivery in March contract shed Rs 4.50, or 0.56% to Rs 802.50 per kg in 266 lots.




Market analysts said besides profit-booking by speculators at existing higher levels, driven by sluggish demand in spot market mainly led to decline in cardamom prices at futures trade.

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