Increased arrivals from generating regions also put pressure on cardamom costs in futures trade. At the Multiple Commodity Exchange, the March contract rejected by Rs 6. 90, or 1. 02%, in order to Rs 663. 20 per kg, by having an open interest for 29 lots.
The actual January cardamom delivery fell by Rs 5. thirty, or 0. 86%, to Rs 604 for each kg in 354 lots, while Feb contract cardamom lost Rs 5. 20, or even 0. 81%, to Rs 635 for each kg, with an open interest with regard to 63 lots.
Marketmen said in add-on to profit-booking by speculators at current higher prices, a fall in demand within the spot market also put pressure on cardamom prices within the futures market.