New Delhi:  Cardamom futures fell 0.51 per cent to Rs 773.90 per kg today as traders reduced their holdings amid sluggish spot demand.

Besides, sufficient stocks position in the physical market also weighed on the prices.

At the Multi Commodity Exchange, cardamom for March contract declined by Rs 4, or 0.51 per cent, to Rs 773.90 per kg with a business turnover of 370 lots.

The spice for delivery in April fell by Rs 2.30, or 0.28 per cent, to Rs 809 per kg with a trading volume of 196 lots.

Marketmen said besides profit booking by speculators at existing levels, fall in demand in spot market put pressure on cardamom prices in futures market.

(For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal