Cardamom futures down 1.60% on profit-booking

Cardamom prices moved down by 1.60 per cent to Rs 1,097.80 per kg in futures trade today as speculators trimmed positions to book profits amid fall in demand in the spot market against adequate stocks.
At the Multi Commodity Exchange, cardamom for delivery in October declined by Rs 17.80, or 1.60 per cent to Rs 1,097.80 per kg in business turnover of 54 lots.
Similarly, the spice for delivery in September contracts shed Rs 9.70, or 0.85 per cent to Rs 1,130.30 per kg in 44 lots.
Analysts said besides profit-booking by participants, decline in demand in the spot market against adequate stocks position, mainly influenced cardamom prices at futures trade.