Cardamom futures remain weak, shed 0.21% on low demand

Cardamom remained weak and prices declined by another 0.21 per cent to Rs 1,052.60 per kg in futures trade today as speculators engaged in reducing their positions, tracking a weak trend at spot market on easing demand.
Besides, adequate stocks position on increased supplies from producing regions, put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in June shed Rs 2.20, or 0.21 per cent to Rs 1,052.60 per kg in business turnover of 2 lots.
Analysts said offloading of positions by participants, driven by a fall in demand in the spot market against sufficient stocks position on increased supplies from producing belts, mainly kept cardamom prices lower at futures trade.