Cardamom falls by 1.2% on profit-booking

Cardamom prices fell 1.23% to Rs 823 per kg in futures trade today after speculators booked profits at prevailing higher levels amid subdued demand in the spot market.

Besides, adequate stock in the physical market following increased arrivals from producing belts weighed.

At Multi Commodity Exchange, cardamom for delivery in October shed Rs 10.30, or 1.23%, to Rs 823 per kg in a business turnover of 229 lots.

Also, the spice for delivery in September traded lower by Rs 9.80, or 1.17%, to Rs 825 per kg in just one lot.

Market analysts attributed the fall in cardamom futures to profit-booking by speculators at existing levels amid sluggish demand in the spot market.