Profit taking pulls down cardamom futures by 4.15%
07/05/2015 11:10
Cardamom prices fell sharply by over 4 per cent to Rs 839 per kg in futures trade today as speculators booked profits at prevailing higher levels amid a fall in demand in the spot market. At MCX, Cardamom futures for May 2015 contract were trading at Rs. 839 per kg, down by 4.15 per cent, after opening at Rs. 840.30 against the previous closing price of Rs. 875.30. It touched the intra-day low of Rs. 822.80 till the trading. (At 10.45 AM today). Besides, adequate stock position in the physical market on higher supplies from producing belt put pressure on cardamom prices.
The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.
07/05/2015 11:10
Cardamom prices fell sharply by over 4 per cent to Rs 839 per kg in futures trade today as speculators booked profits at prevailing higher levels amid a fall in demand in the spot market. At MCX, Cardamom futures for May 2015 contract were trading at Rs. 839 per kg, down by 4.15 per cent, after opening at Rs. 840.30 against the previous closing price of Rs. 875.30. It touched the intra-day low of Rs. 822.80 till the trading. (At 10.45 AM today). Besides, adequate stock position in the physical market on higher supplies from producing belt put pressure on cardamom prices.
The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.
