Cardamom down 1% on profit-booking

Subdued demand against adequate availability in the physical market also puts pressure on prices

Cardamom prices fell by Rs 12.40 to Rs 1,327.50 per kg in futures trade today, amid profit-booking by speculators at prevailing higher levels.

Subdued demand against adequate stocks availability in the physical market also put pressure on the cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in July declined by Rs 12.40, or 0.92%, to Rs 1,327.50 per kg in business turnover of 372 lots.

The June contract shed Rs 11.80, or 0.87%, to Rs 1,337.20 per kg with trading volume of 1,421 lots.

Market analysts said profit-booking by speculators at existing higher levels amid subdued demand in the spot markets, mainly kept pressure on the cardamom prices at futures trade.