Cardamom futures fall on profit-bookings

NEW DELHI: Cardamom prices fell by 1.38 per cent to Rs 704 per kg in futures trade today as speculators booked profits at prevailing higher levels driven by subdued demand in the spot market.

Adequate stocks availability in the physical market following fresh arrivals also put pressure on the prices.

At the Multi Commodity Exchange, cardamom prices for delivery in July declined by Rs 9.90, or 1.38 per cent, to Rs 704 per kg with a business turnover of 343 lots.

Likewise, the spice prices for delivery in August shed Rs 6.50, or 0.84 per cent to Rs 759 per kg in 927 lots.

Market analysts said subdued demand in the spot market against adequate stocks position mainly kept pressure on the cardamom prices at futures trade, resulting in profit-bookings.