Cardamom down on profit-booking

MTECHTIPS

Cardamom down on profit-booking

Cardamom prices fell by Rs 7.10 to Rs 814 per kg in futures trade today as speculators booked profits amid subdued spot market demand.Adequate stocks following increased arrivals from producing regions also put pressure on cardamom prices in futures trade.
At the Multi Commodity Exchange, the November contract for cardamom fell by Rs 7.10, or 0.86%, to Rs 814 per kg, with a business turnover of 462 lots.
The December contract declined by Rs 5.80, or 0.65%, to Rs 882 per kg, with a business turnover of 101 lots.

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