Cardamom prices fell by Rs 14.40 to Rs 1,001 per kg in futures trading today as speculators booked profits on the back of a weakening trend at spot market due to sluggish demand.
Adequate stocks position in the physical market following increased arrivals from producing belts also put pressure on cardamom futures prices.
At the Multi Commodity Exchange, cardamom for delivery in June fell by Rs 14.40, or 1.42 per cent to Rs 1,001 per kg, with a business turnover of two lots.
Likewise, the spice for delivery in May lost Rs 7.40, or 0.75% to Rs 981.20 per kg, with an open interest of two lots.
Market analysts said besides profit-booking by speculators at existing higher levels, subdued demand in the spot market mainly led to the fall in cardamom prices at futures trade here.
