Cardamom falls 3% on low demand

Adequate stocks in the spot market affected the trade

Cardamom futures for March declined Rs 26.90, or 3.00%, to Rs 869.40 per kg in 1,840 lots.

At the Multi Commodity Exchange (MCX), the April contract traded lower by Rs 26.70, or 2.85%, to Rs 908 per kg, in 2,190 lots.

Adequate stocks in the spot market on higher supplies from producing belts affected the trade.

Market analysts said off-loading of positions by traders amid weak spot market trend on subdued demand mainly led to a fall in cardamom futures prices.

Besides, adequate stocks position in the spot market also influenced trading in cardamom prices, they said.