Cardamom prices fell by Rs 10.40 to Rs 617 per kg in futures trade today, as speculators preferred to book profits, driven by subdued demand in the spot market.
Adequate stocks position following increased arrivals from the producing regions also put pressure on the cardamom prices in futures trade.
At the Multi Commodity Exchange, November cardamom fell by Rs 10.40, or 1.66% to Rs 617 per kg, with a business turnover of 127 lots.
The December contract lost Rs 6.20, or 0.92%, to Rs 665.80 per kg, with a trade volume of 675 lots.
Traders said that besides profit bookings by speculators at existing higher prices, sluggish demand in spot market also weighed on the cardamom prices at futures market.
