Cardamom futures weaken 0.31 pc on profit booking

Amid profit booking by speculators and fall in demand in the spot market, cardamom prices fell by 0.31 per cent to Rs 925.10 per kg in futures trade today.
In addition, adequate stocks in the physical market on higher arrivals from producing region also put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in August moved down by Rs 2.90, or 0.31 per cent to Rs 925.10 per kg in business turnover of 85 lots.
The spice for delivery in July contract shed Rs 1.70, or 0.18 per cent to Rs 949.50 per kg in 157 lots.

Market analysts said besides profit-taking by speculators at existing levels, fall in demand in the spot market against adequate stocks position, mainly led to the fall in cardamom prices at futures trade.