Cardamom futures remain weak, shed 0.99% on low demand

Cardamom prices drifted further down by 0.99 per cent to Rs 1,131 per kg in futures trade today as speculators engaged in trimming their positions amid low demand in the spot market against sufficient stocks position.
At the Multi Commodity Exchange, cardamom for delivery in October fell by Rs 11.30, or 0.99 per cent to Rs 1,131 per kg in business turnover of 48 lots.
Similarly, the spice for delivery in far-month November shed Rs 7.80, or 0.68 per cent to Rs 1,131 per kg in 12 lots.
Analysts said offloading of positions by speculators on the back of sluggish demand in the physical market against adequate stocks position on higher supplies from producing regions, mainly kept cardamom prices down at futures trade.