Cardamom futures fall 1.44 pc on profit-booking

NEW DELHI: Cardamom prices fell by Rs 18.70 to Rs 1,237 per kg in futures trading today as speculators booked profits at existing levels amid sluggish demand in the spot market against adequate stocks position.

Adequate stocks positions following increased arrivals from producing regions also put pressure on cardamom futures.

At the Multi Commodity Exchange, cardamom for delivery in August fell by Rs 18.70, or 1.44 per cent, to Rs 1,237 per kg, with a business turnover of 33 lots.

In a similar fashion, the spice for delivery in July shed Rs 10, or 0.74 per cent, to Rs 1,334.60 per kg, with a business turnover of 244 lots.

Market analysts said besides profit booking by speculators, sluggish demand in the spot market against adequate stocks position mainly kept pressure on cardamom prices at futures trade.