Cardamom decline 0.78% on profit-booking
Adequate stocks availability in the physical market also put pressure on cardamom prices
Cardamom prices declined by Rs 9.30 to Rs 1,180.10 per kg in futures trade today as speculators booked profits at prevailing higher levels, driven by a weak trend at the spot markets on sluggish demand.
Adequate stocks availability in the physical market also put pressure on cardamom prices, traders said.
At the MCX, cardamom for delivery in August declined by Rs 9.30, or 0.78%, to Rs 1,180.10 per kg, with a business turnover of 20 lots.
The July contract lost Rs 8.40, or 0.65%, to Rs 1,288.40 per kg, with a business turnover of 240 lots.