Cardamom extends losses on profit-booking

Adequate stocks, subdued demand influence prices

Cardamom remained weak with prices falling further by Rs 4.90 to Rs 950.40 per kg in futures trade today on profit-booking by speculators amid subdued demand in the spot market.

At the Multi Commodity Exchange, cardamom for delivery in December declined by Rs 4.90, or 0.51%, to Rs 950.40 per kg in business turnover of 63 lots.

November cardamom shed Rs 3.40, or 0.30%, to Rs 951.90 per kg in 358 lots.

Market analysts said besides profit-taking by speculators, subdued demand in the spot market against adequate stocks availability kept pressure on cardamom prices at futures trade.