Cardamom down 1.1% on profit-booking

Spice for delivery in June traded lower by 0.8%

Cardamom futures fell 1.17% to Rs 910 per kg in futures trading today after speculators booked profits at prevailing levels amid weak demand in the spot market.

Adequate stocks position in the physical market on increased arrivals from producing belts also put pressure on cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in July fell by Rs 10.80, or 1.17%, to Rs 910 per kg in a business turnover of 97 lots.

Similarly, the spice for delivery in June traded lower by Rs 7.50, or 0.82%, to Rs 905 per kg in 42 lots.

Market analysts said besides profit-taking by speculators at existing level, fall in demand in the spot markets mainly influenced cardamom prices at futures trade.