Cardamom falls by 2.27% on profit-booking
06/05/2015 10:56
Cardamom futures fell by 2.27 per cent to Rs 910 per kg today as speculators booked profits at existing higher levels. Further, lower demand in the spot market also put pressure on cardamom prices in futures trade. At MCX, Cardamom futures for May 2015 contract were trading at Rs. 910 per kg, down by 2.27 per cent, after opening at Rs. 946.30 against the previous closing price of Rs. 931.10. It touched the intra-day low of Rs. 904 till the trading. (At 10.45 AM today). Traders said apart from profit-booking by speculators at existing levels, low demand at spot market put pressure on cardamom prices in futures market. The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.
06/05/2015 10:56
Cardamom futures fell by 2.27 per cent to Rs 910 per kg today as speculators booked profits at existing higher levels. Further, lower demand in the spot market also put pressure on cardamom prices in futures trade. At MCX, Cardamom futures for May 2015 contract were trading at Rs. 910 per kg, down by 2.27 per cent, after opening at Rs. 946.30 against the previous closing price of Rs. 931.10. It touched the intra-day low of Rs. 904 till the trading. (At 10.45 AM today). Traders said apart from profit-booking by speculators at existing levels, low demand at spot market put pressure on cardamom prices in futures market. The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.
