Friday, March 21, 2014

Cardamom down 0.9% on comfortable stocks

Spice for delivery in April traded lower by 0.68%

 futures prices fell today by 0.90% to Rs 864.30 per kg as speculators reduced their positions amid adequate stocks position in the physical market following higher supply from producing belts.

At the , cardamom for delivery in May declined by Rs 7.90, or 0.90%, to Rs 864.30 per kg in business turnover of 37 lots.


Similarly, the spice for delivery in April traded lower by Rs 5.80, or 0.68%, to Rs 838 per kg in 384 lots.

Market analysts said offloading of positions by participants due to a weak trend at spot market on subdued demand, mainly put pressure on cardamom prices at futures trade.

No comments:

Post a Comment