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Cardamom futures remain weak, shed 1.12 pc on tepid demand

Press Trust of India  |  New Delhi 

Cardamom remained weak and prices fell by another 1.12 per cent to Rs 1,004 per kg in futures trade today as speculators engaged in reducing bets, taking negative cues from spot market on fall in demand.

Besides, ample stocks position on increased arrivals from producing regions fuelled the downtrend.

At the Multi Commodity Exchange, cardamom for delivery in June eased by Rs 11.40, or 1.12 per cent, to Rs 1,004 per kg in a business turnover of 29 lots.

Analysts said, trimming of positions by participants, driven by a fall in demand in the spot market against adequate stocks position on increased supplies from producing belts, mainly kept cardamom prices lower at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 19 2017. 11:42 IST