Cardamom prices fell by Rs 18.40 to Rs 1,352.60 per kg in futures trade today as speculators booked profits at prevailing higher levels, driven by subdued demand in the spot market.
Adequate stocks availability in the physical market also put pressure on the cardamom prices.
However, strong export demand may limit the downtrend.
At the Multi Commodity Exchange, cardamom for delivery in August declined by Rs 18.40, or 1.34%, to Rs 1,352.60 per kg, with a business turnover of 444 lots.
The July contract shed Rs 8.40, or 0.56% to Rs 1,474 per kg, with a trading volume of 183 lots.
Market analysts said subdued demand in the spot market against adequate stocks position mainly kept pressure on the cardamom prices at futures trade.
