 "Cardamom down 1.1% on profit-booking")
Cardamom prices fell by 1.18% to Rs 698.20 per kg in futures trade today as speculators booked profits at prevailing levels, driven by subdued demand in the spot market.
Further, adequate stocks in the spot market also put pressure on the cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in June declined by Rs 8.40, or 1.18%, to Rs 698.20 per kg in business turnover of 63 lots.
Market analysts said profit-booking by speculators at prevailing higher levels and subdued demand in the spot market against adequate stocks position mainly kept pressure on the cardamom prices at futures trade.
Further, adequate stocks in the spot market also put pressure on the cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in June declined by Rs 8.40, or 1.18%, to Rs 698.20 per kg in business turnover of 63 lots.
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Likewise, cardamom for delivery in the July contract shed Rs 8.30, or 1.14%, to Rs 718 per kg with trading volume of 346 lots.
Market analysts said profit-booking by speculators at prevailing higher levels and subdued demand in the spot market against adequate stocks position mainly kept pressure on the cardamom prices at futures trade.