Cardamom down 0.3% on profit-booking

Commodity for delivery in August declined by 0.32%

Cardamom prices fell 0.32% to Rs 928.30 per kg in futures trade today as speculators booked profits at prevailing levels amid subdued demand in the spot markets.

Further, ample stocks in the physical market following increased arrivals from the major producing belts too influenced cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in August declined by Rs 3, or 0.32%, to Rs 928.30 per kg in business turnover of 95 lots.

Likewise, the spice for delivery in the September contracts shed Rs 2, or 0.22%, to Rs 897 per kg with trading volume of 16 lots.

Market analysts said profit-booking by speculators at prevailing higher levels and subdued demand in the spot markets mainly kept pressure on the cardamom prices at futures trade.