Cardamom futures fall 0.42 pc on profit-booking

NEW DELHI, Feb 19: Cardamom futures fell by 0.42 per cent to Rs 798 per kg today as traders reduced their holdings amid sluggish spot demand.
Besides, sufficient stocks holdings in the physical market also influenced the cardamom prices.
At the Multi Commodity Exchange, cardamom for April contract declined by Rs 3.40, or 0.42 per cent, to Rs 798 per kg with a business turnover of 182 lots.
The spice for delivery in March month fell by Rs 3.20, or 0.41 per cent, to Rs 768.90 per kg with a trading volume of 367 lots.
Marketmen said besides profit booking by speculators at existing levels, fall in demand in spot market also put pressure on cardamom prices in futures market. (AGENCIES)