Cardamom futures slide 0.7% on profit-booking

Cardamom prices fell by 0.68% to Rs 763 per kg in futures trade today as speculators booked profits at prevailing higher levels driven by a weak demand in the spot market against adequate stocks.

 

At the Multi Commodity Exchange, cardamom for delivery in October fell by Rs 5.20 or 0.68% to Rs 763 per kg in business turnover of 435 lots.

 

In a similar fashion, the spice prices for delivery in November traded lower by Rs 4.40, or 0.55% to Rs 802 per kg in 52 lots.

 

Market analysts said, besides profit-bookings by speculators at prevailing higher levels, weak demand in the spot market against adequate stocks position mainly influenced cardamom prices at futures trade.