Cardamom futures remain weak on profit-booking

NEW DELHI: Cardamom futures prices fell further by Rs 9.60 to Rs 1,281 per kg today on continued profit-booking by speculators amid weak trend at spot market on sluggish demand.

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

At the Multi Commodity Exchange, cardamom for delivery in July fell further by Rs 9.60, or 0.74 per cent to Rs 1,281 per kg in business turnover of 36 lots.

Similarly, the spice for delivery in June shed Rs 6.80, or 0.51 per cent, to Rs 1,323.90 per kg in 69 lots.

Market analysts said continued profit-booking by speculators and a weak trend at spot market on sluggish demand against adequate stocks position led to a fall in cardamom prices at futures market.