Cardamom prices fall by 3.5% on profit-booking
Besides, adequate stocks position on higher supplies from producing regions weighed on prices
 "Cardamom prices fall by 3.5% on profit-booking")
Cardamom futures plunged 3.55% to Rs 587.50 per kg in futures trading today as traders locked-in gains at prevailing higher levels amid muted demand in the spot market.
Besides, adequate stocks position on higher supplies from producing regions weighed on prices.
At the Multi Commodity Exchange, cardamom for delivery in March dropped by Rs 21.60, or 3.55% to Rs 587.50 per kg in a business turnover of 149 lots.
Analysts said, besides profit-taking by participants at existing level, fall in demand in spot market against adequate stocks position mainly led to the fall in cardamom prices at futures trade.
Besides, adequate stocks position on higher supplies from producing regions weighed on prices.
At the Multi Commodity Exchange, cardamom for delivery in March dropped by Rs 21.60, or 3.55% to Rs 587.50 per kg in a business turnover of 149 lots.
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Similarly, the spice for delivery in April shed Rs 1.40, or 0.21% to Rs 675.30 per kg in 114 lots.
Analysts said, besides profit-taking by participants at existing level, fall in demand in spot market against adequate stocks position mainly led to the fall in cardamom prices at futures trade.