 "Cardamom down 0.8% on sluggish demand")
Cardamom remained weak for the second straight day and prices fell further by 0.80% to Rs 720.20 per kg in futures trading today as speculators trimmed their positions amid a lower trend at spot market.
At the Multi Commodity Exchange, cardamom for delivery in December fell further by Rs 5.80, or 0.8%, to Rs 720.20 per kg in business turnover of 243 lots.
Similarly, the spice for delivery in November shed Rs 5.10, or 0.74%, to Rs 680 per kg in 101 lots.
Market analysts said trimming of position by speculators amid a lower trend at spot market due to sluggish demand against adequate supplies mainly kept pressure on cardamom prices at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in December fell further by Rs 5.80, or 0.8%, to Rs 720.20 per kg in business turnover of 243 lots.
Similarly, the spice for delivery in November shed Rs 5.10, or 0.74%, to Rs 680 per kg in 101 lots.
Market analysts said trimming of position by speculators amid a lower trend at spot market due to sluggish demand against adequate supplies mainly kept pressure on cardamom prices at futures trade.