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Cardamom falls for the third day as demand falls

By Religare
|

Cardamom future fell for the third straight day in the domestic market as traders offloaded their positions due to fall in demand in the spot market. According to analysts, oversupply of the commodity and weak demand exerted downward pressure on Cardamom.

At the MCX, Cardamom future for June 2013 contract was trading at Rs. 726.50, down by 0.75 per cent after opening at Rs. 731.60 against the previous close of Rs. 731.90. It touched the intra-day low of Rs. 726.50 till the trading. (At 03.41 PM today)

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Story first published: Friday, May 24, 2013, 23:32 [IST]
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