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Cardamom prices remained weak for the second straight day and fell by Rs 24.50 to Rs 1,090 per kg at the futures trade today as speculators engaged in profit-booking, driven by a weak trend at the spot demand.
At the Multi Commodity Exchange, cardamom for delivery in August fell by Rs 24.50 or 2.2 per cent to Rs 1,090 per kg with a business turnover of two lots. Similarly, May contract declined by Rs 15.20 or 1.35 per cent to Rs 1,110.50 per kg with an open interest of just single lot.
Traders said the sluggish spot demand along with continued profit-booking by speculators led to the decline in cardamom futures prices.
Adequate stocks position following increased arrivals from the producing regions at the spot market also put some pressure on the prices, they added.
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