Cardamom futures remain weak on low demand

Cardamom remained weak and prices fell further by 0.28 per cent to Rs 926.50 per kg in futures trading today as speculators engaged in reducing positions, driven by subdued demand in the spot market.
Besides, adequate stocks position in the physical market on higher arrivals from producing belts put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in August fell Rs 2.60, or 0.28 per cent, to Rs 926.50 per kg in business turnover of 63 lots.
In a similar fashion, the spice for delivery in September contract shed Rs 1.40, or 0.16 per cent to Rs 901.10 per kg in 11 lots.

Market analysts attributed persistent fall in cardamom futures to subdued demand in the spot market against adequate stocks position.