Cardamom down 0.96% on profit-booking

Adequate stocks influence prices

Cardamom prices fell by Rs 8 to Rs 820 per kg in futures trade today, as speculators booked profits amid subdued demand in the spot market.

Adequate stocks following increased arrivals from producing regions put pressure on cardamom prices in futures trade.

At the Multi Commodity Exchange, cardamom for delivery in December fell by Rs 8, or 0.96%, to Rs 820 per kg, with a business turnover of 103 lots.

November cardamom declined by Rs 6.30, or 0.82%, to Rs 759.60 per kg, with a business turnover of 288 lots.

Market analysts said besides profit-booking at existing higher levels, a fall in demand in the spot market put pressure on cardamom prices in futures trade.