Cardamom sheds 2% on profit-booking

Cardamom prices fell by Rs 19.50 to Rs 881 per kg in futures trade today due to profit-booking by speculators and a weak trend at spot market.

At the Multi Commodity Exchange, cardamom for delivery in May month fell by Rs 19.50, or 2.17%, to Rs 881 per kg in business turnover of 207 lots.

The February contract shed Rs 1.20, or 0.16%, to Rs 727 per kg in 216 lots.

Analysts said profit booking by speculators and a weak trend at spot markets on subdued demand led to fall in cardamom futures.