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Cardamom prices plunged 3.29% to Rs 711 per kg in futures trade today as speculators booked profits at existing levels, driven by subdued demand at the spot market against adequate stocks.
At the Multi Commodity Exchange, cardamom for delivery in September month fell sharply by Rs 24.20, or 3.29% to Rs 711 per kg in business turnover of 638 lots.
Market analysts said profit-booking by speculators at existing higher levels, driven by subdued demand in the spot market against adequate stocks position, mainly led to decline in cardamom prices at futures trade.
