| Date: |
11-06-2011 |
| Subject: |
Cardamom Futures Down 1.81 pct |
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Cardamom prices went down by Rs 14.70 to Rs 798.50 per kg in futures trade on Friday as speculators booked profits, amid a weak trend at the spot market on subdued demand.
At the Multi Commodity Exchange, cardamom futures for delivery in July went down by Rs 14.70, or 1.81 per cent, to Rs 798.50 per kg, with a business turnover of 685 lots.
Similarly, the spice for delivery in June lost Rs 12, or 1.56 per cent, to Rs 759.10 per kg, with a trade volume of 362 lots.
Trade analysts said profit booking by speculators at existing high levels and sluggish demand in the spot market mainly led to the fall in cardamom futures prices.
Increased arrivals in the spot market from producing belts also put pressure on cardamom futures prices, they added.
Source : financialexpress.com
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