New Delhi, July 21 (PTI) Snapping a week-long rising streak, cardamom futures price fell by 0.48 per cent on the Multi Commodity Exchange today as speculators turned sellers at higher levels following subdued demand in the spot markets. On the MCX counter, cardamom for the most-active August contract declined by 0.48 per cent to Rs 831 per kg with an open interest of 232 lots. It gained 0.15 per cent in the previous day''s trading. Similarly, cardamom for delivery in September month contract traded 0.43 per cent lower at Rs 801.75 per kg with an open interest of 53 lots. Analysts said apart from profit-booking by traders at higher prices, sluggish demand in spot markets also put pressure on the spice prices at futures market here. PTI SUN RS KPS SUM.
No comments:
Post a Comment