Cardamom dips 0.45% on profit-booking

Speculators exit as demand in the spot market eases

Cardamom futures were down by 0.45 per cent to Rs 811.90 per kg in futures trade today as speculators booked profits at prevailing higher levels amid fall in demand in the spot market against adequate stock.

At Multi Commodity Exchange, cardamom for delivery in July fell Rs 3.70, or 0.45 per cent to Rs 811.90 per kg in a business turnover of 140 lots.

The August contract shed Rs 1.80, or 0.23 per cent to Rs 792.70 per kg in 7 lots.

Marketmen said besides profit booking by speculators at prevailing levels, easing demand in the spot market mainly led to fall in cardamom prices at futures trade.