Cardamom declines by 0.8% on subdued demand
Participant offloaded positions amid negative cues from spot market on sluggish demand
 "Cardamom declines by 0.8% on subdued demand")
Cardamom prices fell by 0.84% to Rs 1,105 per kg in futures trade today as participant offloaded positions amid negative cues from spot market on sluggish demand.
At the Multi Commodity Exchange, cardamom for delivery in February declined by Rs 9.40, or 0.84%, to Rs 1,105 per kg in a business turnover of 12 lots.
Similarly, the spice for delivery in March traded lower by Rs 4, or 0.35%, to Rs 1,127.10 per kg in 171 lots.
Market analysts said offloading of positions by participants due to subdued spot demand mainly led to the fall in cardamom futures.
At the Multi Commodity Exchange, cardamom for delivery in February declined by Rs 9.40, or 0.84%, to Rs 1,105 per kg in a business turnover of 12 lots.
Similarly, the spice for delivery in March traded lower by Rs 4, or 0.35%, to Rs 1,127.10 per kg in 171 lots.
Market analysts said offloading of positions by participants due to subdued spot demand mainly led to the fall in cardamom futures.