Cardamom prices declined by Rs 7.50 to Rs 1,094 a kg in futures trade today as speculators booked profits, amid sluggish demand at the spot markets.
Adequate stocks in the physical markets following increased arrivals from the producing regions also put pressure on prices.
At the Multi Commodity Exchange, cardamom for delivery in April declined by Rs 7.50, or 0.68 per cent, to Rs 1,094 a kg, with a business turnover of just two lots.
Likewise, prices for delivery in May traded marginally lower by 90 paise or 0.08 per cent to Rs 1,128 a kg, with an open interest of just one lot.
Market analysts said continued profit taking by speculators at prevailing high prices, sluggish spot demand helped prices to trade lower.