 "Cardamom down 0.1% on sluggish demand")
Cardamom prices drifted by 0.16% to Rs 764.50 per kg in futures trade today owing to slackened demand at the spot markets at prevailing levels against adequate positions.
At the Multi Commodity Exchange, cardamom for delivery in September weakened by Rs 1.20, or 0.16% to Rs 764.50 per kg in business turnover of 382 lots.
However, cardamom for delivery in October held steady at Rs 794 per kg in 70 lots on scattered transactions.
Market analysts said sluggish demand at prevailing higher levels in the spot market and adequate stocks availability on increased arrivals from producing regions mainly weighed on cardamom prices at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in September weakened by Rs 1.20, or 0.16% to Rs 764.50 per kg in business turnover of 382 lots.
However, cardamom for delivery in October held steady at Rs 794 per kg in 70 lots on scattered transactions.
Market analysts said sluggish demand at prevailing higher levels in the spot market and adequate stocks availability on increased arrivals from producing regions mainly weighed on cardamom prices at futures trade.
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