Cardamom futures succumb to profit-booking, down 1.87%

Cardamom prices fell 1.87 per cent to Rs 1,022 per kg in futures trade today as speculators booked profits at prevailing levels amid easing demand in the spot market.
Besides, sufficient stocks on higher arrivals from the major cardamom producing regions too weighed on the prices.
At the Multi Commodity Exchange, cardamom for delivery in August contract fell by Rs 19.50, or 1.87 per cent, to Rs 1,022 per kg, in a business turnover of 45 lots.
Similarly, the spice for delivery in September edged down by Rs 11, or 1.12 per cent, to Rs 966 per kg, with trading volume of 9 lots.

Marketmen said besides profit-taking by speculators at existing levels, increased arrivals from producing regions, mainly put pressure on cardamom prices in the futures market.