Cardamom prices fell by Rs 14.80 to Rs 1,362 per kg in futures trade today as speculators booked profits amid sluggish demand in the spot market.
Adequate availability following increased arrivals in the physical market from producing regions fuelled the downtrend in cardamom prices.
At the Multi Commodity Exchange, cardamom for May contract delivery declined by Rs 14.80, or 1.07 per cent, to Rs 1,362 per kg in single lot.
Likewise, contracts of the spice for March delivery moved down by Rs 8.40, or 0.68 per cent, to Rs 1,294 per kg, with an open interest in one lot.
Market analysts said profit booking by speculators and subdued demand in the spot market led to the decline in cardamom prices in futures trade.
