Cardamom stays weak, slips by 0.32% on profit booking

The spice for delivery in July contracts shed 0.16%

Extending losses for the second straight day, cardamom prices eased further by 0.32% to Rs 808.50 per kg in futures trade today as speculators booked profits, driven by a fall in demand in the spot market.

At Multi Commodity Exchange, cardamom for delivery in June moved down Rs 2.60, or 0.32%, to Rs 808.50 per kg in business turnover of 22 lots.

Likewise, the spice for delivery in July contracts shed Rs 1.30, or 0.16%, to Rs 799.40 per kg in 16 lots.

Analysts said decline in demand in the spot market against adequate stock position mainly kept cardamom prices lower at futures trade.