Cardamom futures fall by 1.94% on profit taking

Cardamom prices fell by Rs 20.20, to Rs 1,023 per kg in futures trade today, as speculators booked profits, triggered by subdued demand in spot markets.

Adequate stocks at spot markets following increased arrivals from the producing regions also put pressure on the cardamom futures prices.

At the Multi Commodity Exchange counter, cardamom for December-month fell by Rs 20.20, or 1.94 per cent, to Rs 1,023 per kg, with an open interest of one lot.
    
Similarly, the spice for delivery in November-month declined by Rs 16, or 1.53 per cent, to Rs 1,054 per kg, with a business volume of one lot, while October-month delivery lost Rs 16.30, or 1.51 per cent, to Rs 1,065.90 per kg, with a trading volume of just one lot.
    
Marketmen said, besides profit taking by speculators at existing higher prices, fall in demand in spot market also put pressure on cardamom prices at futures market.