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Cardamom falls by 0.5% on sluggish demand

Besides, adequate stock position following increased arrivals from producing regions also fuelled the downtrend

Press Trust of India  |  New Delhi 

Cardamom falls by 0.5% on sluggish demand

Cardamom futures fell by 0.54% to Rs 811 per kg today, as traders trimmed their holdings amid sluggish spot demand.

Besides, adequate stock position following increased arrivals from producing regions also fuelled the downtrend.

At the Multi Commodity Exchange, the commodity for June eased by Rs 4.40, or 0.54%, to Rs 811 per kg, with a business turnover of 236 lots.

The spice for delivery in July was down by Rs 2, or 0.24%, to Rs 843.90 per kg, with a trading volume of 18 lots.

Analysts said offloading of positions by participants owing to a weak trend at spot market on subdued demand mainly put pressure on at futures trade.

First Published: Tue, May 17 2016. 12:22 IST
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