Cardamom prices falls by 1.8% on profit-booking

Amid profit-booking by speculators at current levels, cardamom prices eased by 1.81% to Rs 758.60 per kg in futures trade today.

Further, slackened demand in the spot markets influenced cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in far-month February fell by Rs 14, or 1.81%, to Rs 758.60 per kg in a business turnover of 473 lots.

Likewise, the spice for delivery in March traded lower by Rs 13.20, or 1.70%, to Rs 761.40 per kg in 102 lots.

Market analysts said besides profit-booking by speculators at existing levels, fall in demand in the spot markets against adequate stocks position mainly led to the fall in cardamom prices at the futures trade.