Cardamom prices fell further by Rs 22.10 to Rs 930 per kg in futures trading today as speculators indulged in booking-profits, driven by sluggish demand in the spot market.
Increased arrivals in the physical market created adequate stocks position, which also put pressure on the cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in May fell by Rs 22.10, or 2.32% to Rs 930 per kg, with an open interest of a single lot.
Similarly, the spice for delivery in July declined by Rs 21.70, or 2.19% to Rs 967.50 per kg, with a business turnover of a single lot.
Analysts said continued profit-booking by speculators following sluggish demand in the spot market led to the decline in cardamom futures prices.
