 "Cardamom down over 1% on weak demand")
Cardamom extended losses for the second day and prices fell further by 1.15% at Rs 909 per kg in futures trading today as speculators reduced their holdings on account of sluggish demand in the spot market.
Adequate stocks position in the physical market on higher supplies from producing regions further fuelled the downtrend.
At the Multi Commodity Exchange, cardamom for delivery in July fell further by Rs 10.60, or 1.15%, to Rs 909 per kg in business turnover of 299 lots.
Analysts said besides sluggish demand in the spot market, adequate stocks on increased arrivals from producing regions mainly kept pressure on cardamom prices to trade lower in futures trade.
Adequate stocks position in the physical market on higher supplies from producing regions further fuelled the downtrend.
At the Multi Commodity Exchange, cardamom for delivery in July fell further by Rs 10.60, or 1.15%, to Rs 909 per kg in business turnover of 299 lots.
Also Read
In a similar fashion, the spice for delivery in August contract traded lower by Rs 5.60, or 0.72%, to Rs 888.50 per kg in 18 lots.
Analysts said besides sluggish demand in the spot market, adequate stocks on increased arrivals from producing regions mainly kept pressure on cardamom prices to trade lower in futures trade.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%