 "Cardamom down 0.3% on profit-booking")
Cardamom futures fell by 0.39% to Rs 884.80 per kg in futures trade today as speculators indulged in booking profits at prevailing levels, driven by sluggish demand in the spot market.
Adequate stocks position following increased arrivals from producing regions also put pressure on cardamom.
At the Multi Commodity Exchange, cardamom for delivery in May fell by Rs 3.50, or 0.39%, to Rs 884.80 per kg in business turnover of 62 lots.
Analysts said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market against adequate stocks position mainly led to decline in cardamom prices at futures trade.
Adequate stocks position following increased arrivals from producing regions also put pressure on cardamom.
At the Multi Commodity Exchange, cardamom for delivery in May fell by Rs 3.50, or 0.39%, to Rs 884.80 per kg in business turnover of 62 lots.
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Similarly, the spice for delivery in April shed Rs 3, or 0.35%, to Rs 865.20 per kg in 299 lots.
Analysts said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market against adequate stocks position mainly led to decline in cardamom prices at futures trade.