Cardamom down 3.9% on profit-booking
Adequate stocks in the physical market put pressure on cardamom prices
 "Cardamom down 3.9% on profit-booking")
Cardamom prices fell by 3.99% to Rs 745.50 per kg in futures trade today as speculators booked profits at prevailing levels amid subdued demand in the spot market.
Adequate stocks in the physical market also put pressure on the cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in September declined by Rs 31, or 3.99%, to Rs 745.50 per kg in business turnover of 3,226 lots.
Also Read
Likewise, cardamom for delivery in the October contract shed Rs 13.90, or 1.73%, to Rs 775.40 per kg with trading volume of 816 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.