Cardamom futures fall 1.28% on profit-booking

NEW DELHI, Mar 28: Cardamom prices fell 1.28 per cent to Rs 1,056 per kg in futures trade today as speculators booked profits at prevailing levels amid easing demand in the spot markets.

Besides, sufficient stocks on higher arrivals from the major cardamom producing regions too weighed on the prices.

At the Multi Commodity Exchange, cardamom for delivery in far-month May fell by Rs 13.70, or 1.28 per cent, to Rs 1,056 per kg, in a business turnover of 14 lots.

Similarly, the spice for delivery in April month edged down by Rs 9.90, or 0.94 per cent, to Rs 1,040 per kg, with trading volume of 16 lots.

Marketmen said besides profit-taking by speculators at existing levels, increased arrivals from producing regions, mainly put pressure on cardamom prices in the futures market. (PTI)