Cardamom futures down 0.60 pc on profit-booking

Cardamom prices fell by 0.60 per cent at Rs 1,470 per kg in futures market today as traders lightened their positions to book profits amid easing demand in the spot market.

Further, higher supplies from the major producing regions, too put pressure on cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in March month fell by Rs 9, or 0.60 per cent, at Rs 1,470 per kg, in a business turnover of 39 lots.

Likewise, the spice for delivery in April declined by Rs 6.20, or 0.42 per cent, to Rs 1,456 per kg with trading volume of 14 lots.
 

Traders said, offloading of positions by participants amid sluggish demand in the spot market against adequate stocks position on higher supplies from producing belts, mainly led to the decline in cardamom prices at futures trade.