Cardamom prices drifted by 0.94 per cent to Rs 1,219 per kg in futures market today as traders lightened their positions to book profits amid easing demand in the spot market against adequate stocks position.
At the Multi Commodity Exchange, cardamom for delivery in October declined by Rs 11.60, or 0.94 per cent, to Rs 1,219 per kg, in a business turnover of 113 lots.
Likewise, the spice for delivery in September weakened by Rs 9, or 0.75 per cent, to Rs 1,190 per kg in 11 lots.
Traders said offloading of positions by participants amid sluggish demand in the spot market against adequate stocks position on higher supplies from producing belts mainly led to the decline in cardamom prices at futures trade.
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