 "Cardamom declines by 0.9% on low demand")
Cardamom prices fell by 0.91% to Rs 957.40 per kg in futures trade today as speculators reduced positions amid a weak trend at spot market on subdued demand.
Besides, ample stocks in the physical markets following higher supplies from the major producing belts put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in April fell by Rs 8.80, or 0.91%, to Rs 957.40 per kg in a business turnover of 82 lots.
Market analysts said offloading of positions by speculators on the back of sluggish demand at existing levels in the spot market against adequate stocks mainly influenced cardamom prices at futures trade.
Besides, ample stocks in the physical markets following higher supplies from the major producing belts put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in April fell by Rs 8.80, or 0.91%, to Rs 957.40 per kg in a business turnover of 82 lots.
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Also, the spice for delivery in May shed Rs 1.70, or 0.18%, to Rs 933 per kg in 6 lots.
Market analysts said offloading of positions by speculators on the back of sluggish demand at existing levels in the spot market against adequate stocks mainly influenced cardamom prices at futures trade.