Cardamom down 0.6% on profit-booking

Adequate stocks availability in the spot market following fresh arrivals put pressure on the prices

Cardamom prices fell by 0.66% to Rs 773.50 per kg in futures trade today as speculators booked profits at prevailing higher levels driven by subdued demand in the spot market.

Adequate stocks availability in the spot market following fresh arrivals also put pressure on the prices.

At the Multi Commodity Exchange, cardamom prices for delivery in October declined by Rs 5.20, or 0.66%, to Rs 773.50 per kg with a business turnover of 384 lots.

Likewise, the spice prices for delivery in November shed Rs 3.60, or 0.44% to Rs 810 per kg in 51 lots.

Market analysts said subdued demand in the spot market against adequate stocks position mainly kept pressure on the cardamom prices at futures trade, resulting in profit-booking.