Cardamom futures fall on profit-booking

Cardamom fell 0.29 per cent to Rs 769.50 per kg in futures trade today as speculators booked profits at prevailing levels amid subdued demand at the spot market.
Further, ample stocks in the physical market following increased arrivals from major producing belts too weighed on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in September declined by Rs 2.30, or 0.29 per cent, to Rs 769.50 per kg in a business turnover of 15 lots.
Likewise, the spice for delivery in the August contracts shed Rs 1.90, or 0.24 per cent, to Rs 770.20 per kg with trading volume of 174 lots.

Market analysts said profit-booking by speculators at prevailing levels and subdued demand at the spot markets mainly kept pressure on the cardamom prices in futures trade.