Cardamom futures prices continued to slide for the second straight day today when it declined by Rs 4.50 to trade at Rs 1725 per kg in futures market, on profit booking by speculators influenced by a weakening trend at spot market.
Increased arrivals in physical markets from southern producing region also put pressure on cardamom prices at the futures market here.
At the Multi Commodity Exchange, cardamom for August month contract declined by Rs 4.50 or 0.26 per cent to Rs 1725 per kg, with an open interest of 1293 lots. It had lost 0.91 per ent in the previous session.
Similarly, the spice for delivery in July contract lost Rs 3.30, or 0.18 per cent to Rs 1871 per kg in 2685 lots.
Analysts said continued profit-booking by speculators and fall in demand led to fall in cardamom prices at futures trade.
