Cardamom futures fall on profit-booking

NEW DELHI: Cardamom futures prices fell by Rs 21.60 to Rs 823.50 per kg in futures trading today as speculators booked profits at existing high levels.

Fresh arrivals in the spot market from producing belts also put pressure on cardamom futures prices.

At the Multi Commodity Exchange, cardamom for delivery in September fell by Rs 21.60, or 2.56 per cent to Rs 823.50 per kg, with a business turnover of 78 lots.

Likewise, the spice for delivery in June lost Rs 19.60, or 2.47 per cent to Rs 773.20 per kg, with a business volume of 454 lots.

Analysts said profit-booking by speculators and fall in demand in the spot market mainly led to a fall in cardamom futures prices.