Cardamom down 1% on profit-booking

Adequate stocks influence prices

Cardamom prices fell by 1% to Rs 1,098 per kg in futures trading today as speculators booked profits at prevailing higher levels amid sluggish spot market demand.

Adequate stocks position in the physical market following increased arrivals from producing regions put pressure on cardamom futures, traders said.

At the Multi Commodity Exchange, cardamom for delivery in November fell by 11.10, or 1%, to Rs 1,098 per kg, with a business turnover of 60 lots.

October cardamom lost Rs 7.40, or 0.69%, to Rs 1,070 per kg, with a business turnover of 268 lots.