Cardamom futures decline 0.23 pc on profit-booking

Cardamom prices moved down by 0.23 per cent to Rs 1,192 per kg in futures trade today as traders booked profits at prevailing levels, driven by easing demand in the spot market against adequate stocks.
At the Multi Commodity Exchange, cardamom for delivery in far-month December fell by Rs 2.80, or 0.23 per cent to Rs 1,192 per kg in a business turnover of 5 lots.
Likewise, the spice for delivery in November eased by Rs 2.40, or 0.20 per cent to Rs 1,177 per kg in 79 lots.
Analysts said apart from profit-booking by participants at existing levels, decline in demand in the spot market against adequate stocks position on higher supplies from producing regions mainly influenced cardamom prices at futures trade.