Cardamom prices drifted lower by 0.84 per cent to Rs 951.60 per kg in futures trade today as speculators booked profits at prevailing levels amid easing demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery in August month declined by Rs 8.10, or 0.84 per cent, to Rs 951.60 per kg in business turnover of 51 lots.
Similarly, the spice for delivery in September contracts traded lower by Rs 5, or 0.54 per cent to Rs 925.50 per kg in 48 lots.
Analysts said besides profit-booking by participants at existing levels, fall in demand in the spot market against adequate stocks position, mainly led to decline in cardamom prices at futures trade.
