Cardamom falls by 1% on low demand, higher arrivals

Subdued demand in the spot markets against adequate stocks position kept pressure on cardamom prices

Cardamom prices declined by 1.32% to Rs 758 per kg in futures trade today as speculators trimmed their positions amid adequate stocks.

 

At the Multi Commodity Exchange, cardamom prices for delivery in August declined by Rs 10.20, or 1.32%, to Rs 758 per kg, with a business turnover of 1,100 lots.

 

Likewise, the spice prices for delivery in September declined by Rs 8, or 1%, to Rs 788.20 per kg, with a trading volume of 108 lots.

 

Market analysts said besides profit-booking, subdued demand in the spot markets against adequate stocks position also kept pressure on cardamom prices at futures trade.