Cardamom down over 2% on profit-booking

Adequate stocks, higher supply influence prices

Cardamom shed Rs 20.60 to Rs 990 per kg in futures trade today as speculators engaged in profit-booking amid low demand in the spot market.

Sentiment remained weak due to adequate stocks availability in the physical market owing to higher supply from producing belts, marketmen said.

At the Multi Commodity Exchange, cardamom for delivery in September month fell by Rs 20.60, or 2.03%, to Rs 990 per kg, with a business turnover of 811 lots.

October cardamom declined by Rs 16.40, or 1.55%, to Rs 1,038 per kg, with a business volume of 228 lots.