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Commodity News |
HeadLine : |
Cardamom down 0.5% on adequate stocks |
Date : |
Oct 20 2014 |
Continuing its losing
streak for the third day, cardamom prices fell further by 0.55% to Rs
832 per kg in futures trade as speculators indulged in
offloading positions.
Besides, weak demand in
spot markets has also put pressure on cardamom prices.
At the Multi Commodity
Exchange, cardamom for delivery in December declined by Rs 4.60, or
0.55% to Rs 832 per kg in business turnover of 6 lots.
Likewise, the spice for
delivery in November shed 60 paise, or 0.07% to Rs 830 per kg in 61
lots.
Offloading
of positions by speculators, driven by adequate stocks position in
the spot markets on increased arrivals from producing belts, mainly
kept pressure on cardamom prices at futures trade. Source :-Business Standard
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