NEW DELHI, July 1: Cardamom prices fell by 2.47 per cent to Rs 744 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 on account of higher supply from the producing belts also put pressure on the cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in July declined by Rs 18.90, or 2.47 per cent, to Rs 744 per kg, with a business turnover of 1,693 lots.
Likewise, the spice for delivery in August shed Rs 10.70, or 1.36 per cent to Rs 773.60 per kg, with a trading volume of 1,080 lots.
Market analysts said subdued demand in the spot market against adequate stocks position mainly kept pressure on the cardamom prices at futures trade.
They said, sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued demand for the commodity. (PTI)
Trending Now
E-Paper
Follow our WhatsApp channel