Cardamom down by 2.6% on profit-booking

Cardamom prices tumbled 2.56% to Rs 620 per kg in futures trading today after speculators locked-in gains at prevailing higher levels.

Furthermore, weak demand in the spot markets too weighed on prices.

At the Multi Commodity Exchange, cardamom for delivery in November plunged by Rs 16.30, or 2.56%, to Rs 620 per kg in a business turnover of 2 lots.

Similarly, the spice for delivery in December weakened by Re 1, or 0.13%, to Rs 758 per kg in 43 lots.

Marketmen attributed fall in cardamom at futures market to profit-booking by traders at existing levels amid easing demand in the spot market.