Cardamom futures weaken 0.20% on profit-booking

NEW DELHI, July 31: Cardamom prices were down by 0.15 per cent to Rs 916.70 per kg in futures trade today as speculators booked profits at prevailing levels amid sluggish demand in the spot markets.

At the Multi Commodity Exchange, cardamom for delivery in August declined by Rs 1.80, or 0.20 per cent to Rs 916.70 per kg in business turnover of 73 lots.

Likewise, the spice for delivery in September contracts shed Rs 1.30, or 0.15 per cent to Rs 884.00 per kg in 15 lots.

Market analysts said besides profit-booking by speculators at prevailing higher levels and subdued demand in the spot markets mainly led to the fall in cardamom prices at futures. (PTI)