Cardamom down 0.2% on profit booking
Adequate stocks position in the physical market influenced the cardamom futures
 "Cardamom down 0.2% on profit booking")
Cardamom prices fell 0.28% to Rs 800.80 per kg in futures trade today as speculators booked profits at prevailing higher levels amid sluggish demand in the spot market.
Adequate stocks position in the physical market also influenced the cardamom futures.
At the Multi Commodity Exchange, cardamom for delivery in November fell by Rs 2.30, or 0.28%, to Rs 800.80 per kg, with a business turnover of 30 lots.
Marketmen said besides profit-booking by speculators, sluggish demand in the spot market mainly kept pressure on cardamom prices at futures trade.
Adequate stocks position in the physical market also influenced the cardamom futures.
At the Multi Commodity Exchange, cardamom for delivery in November fell by Rs 2.30, or 0.28%, to Rs 800.80 per kg, with a business turnover of 30 lots.
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Similarly, the spice for delivery in October declined by Rs 2.10, or 0.27%, to Rs 760 per kg, with a business turnover of 341 lots.
Marketmen said besides profit-booking by speculators, sluggish demand in the spot market mainly kept pressure on cardamom prices at futures trade.