Cardamom decline on high supply
Supply pressure from producing regions against subdued demand at prevailing higher levels mainly helped cardamom prices to trade lower at futures market
Cardamom prices fell Rs 5.80 to Rs 902.80 per kg in futures trading today on higher supplies from producing belts against subdued demand.
At the Multi Commodity Exchange, the December contract for cardamom declined by Rs 5.80, or 0.64%, to Rs 902.80 per kg, with business turnover of 412 lots.
The January contract shed Rs 2.90, or 0.29%, to Rs 985.90 per kg, with an open interest of 85 lots.
Marketmen said supply pressure from producing regions against subdued demand at prevailing higher levels mainly helped cardamom prices to trade lower at futures market.