Cardamom remains weak on profit-booking

Adequate stocks availability in the physical market also put pressure on prices

Cardamom prices fell further by Rs 9.60 to Rs 1,281 per kg today on continued profit-booking by speculators amid weak trend at spot market on sluggish demand.

Adequate stocks availability in the physical market also put pressure on the cardamom prices.

At the MCX, cardamom for delivery in July fell further by Rs 9.60, or 0.74% to Rs 1,281 per kg in business turnover of 36 lots.

The June contract shed Rs 6.80, or 0.51%, to Rs 1,323.90 per kg in 69 lots.

Market analysts said continued profit-booking by speculators and a weak trend at spot market on sluggish demand against adequate stocks position led to a fall in cardamom prices at futures market.