Cardamom prices declined by Rs 14.10 to Rs 924.10 per kg in futures trading today as speculators booked profits, driven by a weakening trend at spot market on subdued demand.
Adequate stocks position in the physical market following increased arrivals from producing regions also put pressure on the cardamom prices.
At the Multi Commodity Exchange cardamom for delivery in August fell by Rs 14.10, or 1.50% to Rs 924.10 per kg, with an open interest of a single lot.
Likewise, the spice for delivery in May lost Rs 10.20, or 1.11% to Rs 907 per kg, with a business turnover of two lots.
Analysts said profit-booking by speculators due to subdued demand in the spot market against increased arrivals in the physical market led to the decline in cardamom futures prices.
