Cardamom sheds 0.86% on profit-booking

Increased arrivals, subdued demand influence prices

Cardamom prices fell by Rs 8.10 to Rs 927 per kg in futures trade today as speculators booked profits amid subdued demand in the spot market.

Increased arrivals from producing regions put pressure on cardamom prices in futures trade.

At the Multi Commodity Exchange, cardamom for September delivery declined by Rs 8.10, or 0.86%, to Rs 927 per kg, with a business turnover of 450 lots.

October cardamom eased by Rs 5.10, or 0.47%, to Rs 1,058 per kg, with a trading volume of 183 lots.

Marketmen said besides profit-booking at existing higher levels, a fall in demand in the spot market put pressure on cardamom prices in futures trade.