NEW DELHI, Mar 26: Cardamom prices dropped by Rs 8.80 to Rs 1,062.50 per kg in futures market today as speculators booked profits at prevailing levels amid easing demand at spot market.
Besides, sufficient stocks on higher arrivals from major cardamom producing regions too weighed on the prices.
At the Multi Commodity Exchange, cardamom for delivery in May contracts declined by Rs 8.80, or 0.82 per cent, to Rs 1,062.50 per kg in a business turnover of 7 lots.
The spice for delivery in April contracts was down by Rs 5.30, or 0.51 per cent, to Rs 1,044 per kg, with a trading volume of 12 lots.
Marketmet said participants offloaded positions amid sluggish demand at spot market against adequate stocks position on higher supplies from producing regions. (PTI)
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