Cardamom sheds 1.71% on profit-booking

Amid profit-booking by speculators at prevailing levels, cardamom prices fell by 1.71% to Rs 1,144 per kg in futures trade today.

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

At the Multi Commodity Exchange, the April contract fell by Rs 19.40, or 1.71% to Rs 1,144 per kg in business turnover of 1,475 lots.

The May contract lost Rs 20.60, or 1.60%, to Rs 1,267.70 per kg in 616 lots.

Market analysts said profit-booking by speculators at prevailing higher levels amid sluggish demand in the spot market mainly led to fall in cardamom prices at futures trade.