Cardamom down 0.69% on profit-booking

Cardamom prices declined by 0.69% to Rs 1,009.30 per kg in futures trade today amid profit-booking at higher prices.

Furthermore, increased arrivals from producing belts further fuelled the downtrend.

At the Multi Commodity Exchange, the January contract declined by Rs 7, or 0.69% to Rs 1,009.30 per kg in business turnover of 682 lots.

Similarly, the February contract traded lower by Rs 7.20, or 0.68% to Rs 1,055.20 per kg in 230 lots.

Market analysts said sluggish demand in spot market mainly influenced cardamom prices at futures trade.