Cardamom losses 1.10% on profit-booking
Cardamom prices fell further by Rs 14.10 to Rs 1,258.50 per kg in futures trade today as speculators booked profits at existing higher levels, driven by weak trend at spot market on sluggish demand.
Increased arrivals from producing regions also put pressure on cardamom futures.
At the MCX, cardamom for delivery in August month declined by Rs 14.10, or 1.10 % to Rs 1,258.50 per kg in business turnover of 107 lots.
The July contract fell Rs 13.40, or 0.98 % to Rs 1,345.80 per kg with trading volume of 461 lots.
Market analysts said besides profit booking by speculators at prevailing higher levels, subdued demand in the spot market against adequate stocks position mainly kept pressure on the cardamom prices at futures trade.
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