Cardamom prices tumbled 2.99% to Rs 615.40 per kg in futures trading today as participants locked-in gains at prevailing higher levels amid tepid demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery in March month dropped by Rs 19, or 2.99% to Rs 615.40 per kg in business turnover of 114 lots.
Similarly, the spice for delivery in April contracts declined by Rs 9, or 1.31% to Rs 677.70 per kg in 178 lots.
Analysts said besides profit-booking by traders at existing level, fall in demand in spot market against adequate stocks position mainly dragged down cardamom prices at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in March month dropped by Rs 19, or 2.99% to Rs 615.40 per kg in business turnover of 114 lots.
Similarly, the spice for delivery in April contracts declined by Rs 9, or 1.31% to Rs 677.70 per kg in 178 lots.
Analysts said besides profit-booking by traders at existing level, fall in demand in spot market against adequate stocks position mainly dragged down cardamom prices at futures trade.