CARDAMOM PRICES DROP BY 2.1% ON PROFIT-BOOKING

Cardamom futures fell 2.05% to Rs 962 per kg today as traders reduced holdings on weak spot demand.
At the MCX cardamom for May contract declined by Rs 20.20, or 2.05%, to Rs 962 per kg with a business turnover of 24 lots.
Cardamom for delivery in April fell by Rs 16.30, or 1.62%, to Rs 988.10 per kg with trading volume of 535 lots.
Cardamom futures declined on MCX as speculators offloading their positions due to sluggish demand in the spot market. Further, ample stocks availability in the physical market following higher supply from the major producing belts too weighed on cardamom prices.
The contract for April delivery was trading at Rs 988.60, down by 1.57% or Rs 15.80 from its previous closing of Rs 1004.40. The open interest of the contract stood at 1327 lots.
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