Cardamom prices fell by Rs 18.90 to
Rs 1,050.30/kg in futures market on Tuesday as traders scaled down holdings
amid sluggish demand at the spot market. The offloading positions by
participants despite slow demand in the spot market against sufficient stocks
position on higher supplies, is attributed to the plunge in cardamom prices at
futures trade.
At the MCX, cardamom for delivery in
far-month January next year fell by Rs 18.90, or 1.77%, to Rs 1,050.30/kg, in a
business turnover of 1- lot. On the other hand, the spice for delivery in Nov’
moth was trading down by Rs 7.40, or 0.72%, to Rs 1,018 kg, with a trading volume of 50 lots.
Meantime, the prices of Crude palm were
on higher side by 0.31 percent to Rs.539.10/ 10 kg in futures trade today,
since traders generated fresh positions, aided by pickup in demand at the spot
market. In futures trading at the MCX,
crude palm oil for delivery October rushed by Rs 1.70, or 0.31%, to Rs 539.10 /10
kg, in a business turnover of 55 lots. Likewise, the oil for delivery in November
jumped by Rs 1.50, or 0.28%, to Rs 535.60 /10 kg in 37 lots.
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