Cardamom futures down 0.91 per cent on profit-booking

NEW DELHI: Cardamom prices moved down by 0.91 per cent to Rs 782 per kg in futures trade today as speculators booked profits at existing higher levels amid sluggish demand in spot markets.

At the Multi Commodity Exchange, cardamom for delivery in December contracts fell by Rs 7.20, or 0.91 per cent to Rs 782 per kg in business turnover of 1 lots.

Similarly, the spice for delivery in January next year declined by Rs 5.40, or 0.62 per cent to Rs 866.40 per kg in 131 lots.

Analysts said besides profit-booking by speculators at prevailing higher levels, fall in demand in spot markets, mainly influenced cardamom prices at futures trade.