Cardamom futures falls 1% on profit-booking

Cardamom futures traded one per cent lower at Rs 708 per kg today after speculators booked profits at prevailing higher levels amid subdued spot demand.
Sufficient stocks position in the physical market also influenced the prices of the spice.
At the Multi Commodity Exchange, cardamom for February contract eased by Rs 7.20 or one per cent to Rs 708 per kg, with a business turnover of 16 lots.
The spice for delivery in March fell by Rs 3.90, or 0.57 per cent, to Rs 677 per kg, with a trading volume of 118 lots.
Marketmen said apart from profit-taking by speculators at existing prices, fall in demand in spot market also put pressure on cardamom prices at futures market.