Cardamom futures fall 0.94 pc on profit-booking

NEW DELHI: Cardamom futures prices today fell by Rs 11.70 to Rs 1,234.90 per kg as speculators booked profits at prevailing higher levels, driven by a subdued demand in the spot market.

Adequate stocks availability in the physical market also put pressure on the cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in August declined by Rs 11.70, or 0.94 per cent, to Rs 1,224.90 per kg in business turnover of 66 lots.

Likewise, the spice for delivery in July contract shed Rs 7.30, or 0.55 per cent, to Rs 1,306.10 per kg with trading volume of 410 lots.

Market analysts said besides profit-taking by speculators at higher levels, subdued demand in the spot market against adequate stocks position, also kept pressure on the cardamom prices at futures trade.