Cardamom stays weak, slips by 0.32% on profit booking
The spice for delivery in July contracts shed 0.16%
 "Cardamom stays weak, slips by 0.32% on profit booking")
Extending losses for the second straight day, cardamom prices eased further by 0.32% to Rs 808.50 per kg in futures trade today as speculators booked profits, driven by a fall in demand in the spot market.
At Multi Commodity Exchange, cardamom for delivery in June moved down Rs 2.60, or 0.32%, to Rs 808.50 per kg in business turnover of 22 lots.
Likewise, the spice for delivery in July contracts shed Rs 1.30, or 0.16%, to Rs 799.40 per kg in 16 lots.
Analysts said decline in demand in the spot market against adequate stock position mainly kept cardamom prices lower at futures trade.
At Multi Commodity Exchange, cardamom for delivery in June moved down Rs 2.60, or 0.32%, to Rs 808.50 per kg in business turnover of 22 lots.
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Likewise, the spice for delivery in July contracts shed Rs 1.30, or 0.16%, to Rs 799.40 per kg in 16 lots.
Analysts said decline in demand in the spot market against adequate stock position mainly kept cardamom prices lower at futures trade.