Cardamom futures fall 0.55 per cent on profit-booking

NEW DELHI: Cardamom prices fell 0.55 per cent to Rs 974.80 per kg in futures trade today as speculators booked profits at prevailing higher levels driven by a fall in demand in the spot market.

Adequate stocks availability in the physical market on increased arrivals from producing regions also put pressure on the cardamom prices in futures trade.

At the Multi Commodity Exchange, cardamom for delivery in May declined by Rs 5.40, or 0.55 per cent to Rs 974.80 per kg in business turnover of 175 lots.

Similarly, the spice for delivery in June shed Rs 3.80, or 0.38 per cent to Rs 1,004.80 per kg in 44 lots.

Analysts said profit-booking by speculators at prevailing levels, fall in demand in the spot market against adequate stocks position, mainly led to decline in cardamom prices at futures trade.