Cardamom futures down 2.49% on profit-booking

Amid profit-booking by speculators at existing higher levels, cardamom prices dropped 2.49 per cent to Rs 866 per kg in futures trade today.

Besides, low demand in the spot market weighed on prices.

Cardamom for delivery in May dropped 2.49 per cent to Rs 866 per kg in business turnover of 1 lot in futures trading at Multi Commodity Exchange.

Analysts said besides profit-booking by participants at prevailing higher levels, fall in demand in spot market against adequate stock position mainly led to the fall in cardamom prices in futures trade.