Cardamom futures succumb to profit-booking, down 1.33%

Cardamom prices fell 1.33 per cent to Rs 777.20 per kg in futures trade today after speculators booked profits at prevailing higher levels amid subdued demand in the spot market.
Furthermore, adequate stocks in the physical market following increased arrivals from producing belts weighed on prices.
At the Multi Commodity Exchange, cardamom for delivery in November fell Rs 10.50, or 1.33 per cent, to Rs 777.20 per kg in a business turnover of 158 lots.
Also, the spice for delivery in December traded lower by Rs 10.20, or 1.25 per cent, to Rs 802 per kg with trading volume of 28 lots.

Market analysts attributed the fall in cardamom futures to profit-booking by speculators at existing levels amid sluggish demand in the spot market.