Cardamom prices fell by Rs 3.80, or 0.30 per cent, to Rs 1,271 per kg in futures trade today, as speculators preferred to book 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 September contract declined by Rs 3.80, or 0.30 per cent, to Rs 1,271 per kg, with a business turnover of 46 lots
The spice for delivery in October-month eased by Rs 3.00, or 0.25 per cent, to Rs 1,178.90 per kg, with a trading volume of 16 lots, while November contract moved down by Rs 2.80, or 0.25 per cent, to Rs 1,114 per kg, with a business volume of five lots.
Marketmen said, besides, profit taking by speculators at existing higher prices, fall in demand in spot markets also put pressure on cardamom prices at futures market.
