Cardamom prices fell by Rs 30.30, or 2.50 per cent, to Rs 1,181 per kg in futures trade today, as speculators booked profits, triggered by subdued demand in the spot market.
Increased arrivals from the producing regions also put pressure on the cardamom prices in futures trade.
At the Multi Commodity Exchange counter, cardamom for October contract declined by Rs 30.30, or 2.50 per cent, to Rs 1,181 per kg, with a business turnover of 39 lots.
The spice for delivery in September contract eased by Rs 24.30, or 1.91 per cent, to Rs 1,247.70 per kg, with a trading volume of 189 lots, while August contract moved down by Rs 3.40, or 0.19 per cent, to Rs 1,731 per kg, with an open interest of 25 lots.
Marketmen said, besides profit taking by speculators at existing prices, fall in demand in spot market also put pressure on cardamom prices at futures market.
