Cardamom down 0.5% on profit-booking

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Jhon Kumar
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Cardamom down 0.5% on profit-booking

Post by Jhon Kumar » Tue May 27, 2014 1:24 am

Cardamom futures prices drifted by Rs 5.10 to Rs 943 per kg today after speculators booked profits at prevailing higher levels, amidst sluggish demand in spot markets against sufficient stocks position. At the Multi Commodity Exchange, cardamom for July contract eased by Rs 5.10, or 0.53%, to Rs 943 per kg, with a business turnover of 16 lots.
The spice for delivery in June fell by Rs 4.40, or 0.45%, to Rs 961.10 per kg, with a trading volume of 69 lots. Marketmen said apart from profit-taking by speculators at existing level, fall in demand in the spot markets also put pressure on cardamom prices in futures market.

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