Cardamom prices fell by Rs 1.50 to Rs 640.50 per kg in futures trade today as speculators booked profits at existing higher levels amid sluggish spot demand.
Adequate stocks position in the physical market following increased arrivals from producing regions also put pressure on cardamom futures prices.
At the Multi Commodity Exchange, cardamom for delivery in February shed Rs 1.50, or 0.23%, to Rs 640.50 per kg, with a business turnover of 51 lots.
January cardamom eased by 50 paise, or 0.08%, to Rs 611.30 a kg, with a turnover of 153 lots.
Marketmen said profit-booking by speculators at prevailing higher levels amid a weak trend at spot market on sluggish demand mainly led to the decline in cardamom futures prices.
