Cardamom down 1.9% on profit-booking

Spice for delivery in August traded lower by 0.53%

Cardamom prices fell by 1.98% to Rs 980 per kg in futures trade today as speculators booked profits on sluggish demand in spot markets.

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

At the Multi Commodity Exchange, cardamom for delivery in July fell by Rs 19.80, or 1.98%, to Rs 980 per kg in a business turnover of 7 lots.

Similarly, the spice for delivery in August traded lower by Rs 5.10, or 0.53%, to Rs 947 per kg in 186 lots.

Market analysts said sluggish demand in the spot market against adequate stocks position on increased arrivals from producing regions kept pressure on the cardamom prices at futures trade.