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Cardamom prices declined by Rs 28.90 to Rs 1,116.40 a kg in futures trading today as speculators booked profits, driven by weak spot market trend due to sluggish demand.
At the Multi Commodity Exchange, cardamom for delivery in May contract declined by Rs 28.90 or 2.52 per cent to Rs 1,116.40 a kg, with a business turnover of a single lot.
Similarly, the spice for delivery in April lost Rs 26.70 or 2.35 per cent to Rs 1,110.50 a kg, with an open interest of just one lot.
Market analysts said besides profit-booking by speculators, subdued demand in the spot market also put pressure on the futures prices.
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