Cardamom prices remained weak for the second straight day and fell by Rs 24.50 to Rs 1,090 per kg in futures trade today as speculators engaged in profit-booking, driven by a weak trend at the spot demand.
At the Multi Commodity Exchange, cardamom for delivery in August fell by Rs 24.50, or 2.20% to Rs 1,090 per kg, with a business turnover of two lots.
Similarly, the spice for delivery in May declined by Rs 15.20, or 1.35% to Rs 1,110.50 per kg, with an open interest of just single lot.
Traders said the sluggish spot demand along with continued profit-booking by speculators led to the decline of cardamom futures prices.
Adequate stocks position following increased arrivals from producing region at the spot market also put some pressure on the cardamom prices, they added.
