 "Cardamom slip 0.8% on profit-booking")
Cardamom prices slipped by 0.84% to Rs 824.10 per kg in futures trading today as speculators booked profits at prevailing levels, driven by a fall in demand in the spot market.
Further, adequate stocks position in the physical market on increased arrivals from producing belts also put pressure on the cardamom.
At the Multi Commodity Exchange, cardamom for delivery in August declined by Rs 7, or 0.84%, to Rs 824.10 per kg in business turnover of 303 lots.
Market analysts said profit-booking by speculators at prevailing higher levels, driven by a fall in demand in the spot market against adequate stocks position mainly led to decline in cardamom prices at futures trade.
Further, adequate stocks position in the physical market on increased arrivals from producing belts also put pressure on the cardamom.
At the Multi Commodity Exchange, cardamom for delivery in August declined by Rs 7, or 0.84%, to Rs 824.10 per kg in business turnover of 303 lots.
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Similarly, cardamom for delivery in the July contract traded lower by Rs 3.20, or 0.40%, to Rs 804.60 per kg in 1,267 lots.
Market analysts said profit-booking by speculators at prevailing higher levels, driven by a fall in demand in the spot market against adequate stocks position mainly led to decline in cardamom prices at futures trade.