Cardamom remained weak for the second consecutive day, shedding Rs 8.10 to Rs 1,370 per kg in futures market, today on profit-booking by speculators at prevailing higher levels, driven by a weak spot market.
Adequate stock position in the physical market following higher supplies from producing belts kept pressure on cardamom futures.
At the Multi Commodity Exchange, cardamom for delivery in September lost Rs 8.10, or 0.59%, to Rs 1,370 per kg, with a business turnover of 60 lots.
August cardamom declined by Rs 3, or 0.21%, to Rs 1,413 per kg, in 564 lots.
Market analysts said continued profit booking by speculators, driven by a weak trend at the spot market on sluggish demand against adequate stocks position led to the fall in cardamom prices.
