Cardamom futures fall 0.81% on profit-booking

NEW DELHI: Amid profit-booking by speculators at prevailing levels and fall in spot demand, cardamom prices were down by 0.81 per cent at Rs 1,134.50 per kg in futures trade today.

Besides, adequate stocks position in the physical market on increased supplies from producing belts put pressure on cardamom prices.

At the Multi Commodity Exchange (MCX), cardamom for delivery in March month declined by Rs 9.30, or 0.81 per cent to Rs 1,134.50 per kg in business turnover of 372 lots.

In a similar fashion, the spice for delivery in far-month April contracts traded lower by Rs 3.40, or 0.30 per cent to Rs 1,120 per kg in 29 lots.

Marketmen said besides profit-taking by speculators at existing higher levels, fall in demand in spot market, mainly influenced cardamom prices at futures trade.