Cardamom futures prices declined by Rs 14.60 to Rs 1,354 a kg on Tuesday as speculators booked profits at prevailing levels.
Subdued demand against increased arrivals in the spot market from the producing region also put pressure on prices in futures trade.
At the Multi Commodity Exchange, cardamom for February contract declined by Rs 14.60 or 1.07 per cent to Rs 1,354 a kg, with a business volume of single lot.
Likewise, the spice for delivery in March contract moved down by Rs 14.40 or 1.02 per cent to Rs 1,403.60 a kg, with a business volume of one lot.
Analysts said besides profit booking by speculators, fall in demand in spot market also put pressure on prices at the futures market here.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.