Cardamom futures fall 2% on profit-booking

Cardamom prices declined 2 per cent to Rs 920.80 per kg in futures trade today as speculators locked-in gains at prevailing higher levels amidst fall in demand in spot market.
Besides, adequate stocks in the physical market following increased arrivals from producing belts put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in September tumbled by Rs 18.80, or 2.00 per cent, to Rs 920.80 per kg in a business turnover of 386 lots.
Similarly, the spice for delivery in October plunged by Rs 16.80, or 1.80 per cent, to Rs 914 per kg in 125 lots.

Market analysts said the fall in cardamom futures is due to profit-booking by speculators at existing levels amidst declined demand in the spot market against adequate stocks position.