Cardamom down 0.2% on profit-booking

Spice for delivery in September contracts shed 0.15%

Cardamom prices were down by 0.15% to Rs 916.70 per kg in futures trade today as speculators booked profits at prevailing levels amid sluggish demand in the spot markets.

At the Multi Commodity Exchange, cardamom for delivery in August declined by Rs 1.80, or 0.20% to Rs 916.70 per kg in business turnover of 73 lots.

Likewise, the spice for delivery in September contracts shed Rs 1.30, or 0.15% to Rs 884.00 per kg in 15 lots.

Market analysts said besides profit-booking by speculators at prevailing higher levels and subdued demand in the spot markets mainly led to the fall in cardamom prices at futures.