Cardamom prices fell further by Rs 19 to Rs 1,278 per kg in futures trade today on continued profit booking by speculators amid subdued in demand in the spot market.
Adequate stocks in the spot market following increased arrivals from southern producing regions also fuelled the downtrend in cardamom prices.
At the Multi Commodity Exchange, cardamom for March contract fell by Rs 19, or 1.46 per cent, to Rs 1,278 per kg, with a business volume of a single lot.
Similarly, the spice for delivery in February contract declined by Rs 8.90, or 0.72 per cent, to Rs 1,221 per kg, with an open interest of one lot.
Market analysts said continued profit booking by speculators, subdued demand in the spot market led to the decline in cardamom prices at futures trade.
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