Cardamom futures prices declined by Rs 2.80 to Rs 908 per kg today as speculators booked profits, driven by a sluggish demand in the spot market.
Increased arrivals in the physical market created adequate stocks position, which also put pressure on the cardamom futures prices.
At the Multi Commodity Exchange, cardamom for delivery in June declined by Rs 2.80, or 0.31%, to Rs 908 per kg, with a business turnover of 147 lots.
Likewise, the spices for delivery in July contract shed Rs 2, or 0.21%, to Rs 928.80 per kg, with a trade volume of 77 lots.
Analysts said profit-booking by speculators following sluggish demand in the spot market led to the decline in cardamom futures prices.
