International Spice Commodities Update – Cardamom

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Cardamom prices lost Rs 3.60 ($0.07, €0.05, £0.05) to Rs 1,059.20 ($21.02, €15.98, £13.31) per kg in futures trade today as speculators booked profits at prevailing higher levels, driven by subdued spot market demand.

Adequate stocks availability in the physical market also put pressure on cardamom prices.

At the Multi Commodity Exchange, May cardamom declined by Rs 3.60 ($0.07, €0.05, £0.05), or 0.34%, to Rs 1,059.20 ($21.02, €15.98, £13.31) per kg, with a business turnover of 35 lots.

The April delivery shed Rs 3 ($0.06, €0.05, £0.04), or 0.30%, to Rs 1,012 ($20.09, €15.27, £12.71) per kg, with an open interest of 246 lots.

Market analysts said profit booking by speculators at prevailing higher levels and subdued demand in the spot market against adequate stocks position mainly kept pressure on the cardamom prices at futures trade.

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