Cardamom down over 1% on profit-booking

Subdued demand against adequate stocks triggered the downtrend

Amid profit-booking by speculators at prevailing levels, cardamom prices fell by 1.63% to Rs 720 per kg in futures trade today.

Besides, subdued demand against adequate stocks position in the physical market also put pressure on the cardamom prices.

At the Multi Commodity Exchange (MCX), the June contract declined by Rs 12, or 1.63%, to Rs 720 per kg in 776 lots.

The July contract shed Rs 4.90, or 0.64%, to Rs 754.30 per kg in 79 lots.

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