Cardamom prices fell by Rs 29.80, to Rs 962.70 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 November contract declined by Rs 29.80, or 3.00 per cent, to Rs 962.70 per kg, with a business turnover of 54 lots.
The spice for delivery in December contract eased by Rs 29.10, or 3.00 per cent, to Rs 939.70 per kg, with a trading volume of 22 lots.
While January contract moved down by Rs 29.10, or 2.99 per cent, to Rs 941.50 per kg, with a business volume of nine 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.
