Cardamom futures fall 1.34 pc on profit booking


NEW DELHI, Sept 10:  Cardamom prices fell 1.34 per cent to Rs 705 per kg in futures trade today as speculators booked profits at prevailing higher levels amid sluggish demand in the spot market.

     Adequate stocks availability in the physical market also influenced the cardamom futures.

     At the Multi Commodity Exchange, cardamom for delivery in September fell by Rs 9.60, or 1.34 per cent, to Rs 705 per kg,

 With a business turnover of just one lot.

     Similarly, the spice for delivery in October declined by Rs 7.20, or 0.92 per cent, to Rs 770 per kg, with a business turnover of 431 lots.

     Marketmen said besides profit-booking by speculators, sluggish demand in the spot market mainly kept pressure on cardamom prices at futures trade. (PTI)