Cardamom falls by 1% on low demand
Speculators trimmed positions, tracking a weak trend at spot market on subdued demand
 "Cardamom falls by 1% on low demand")
Cardamom prices fell further by 0.99% to Rs 771.10 per kg per kg in futures trade today as speculators trimmed positions, tracking a weak trend at spot market on subdued demand.
Besides, adequate stocks position in the physical market on higher supplies from producing belts put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in December month fell by Rs 7.10, or 0.99% to Rs 771.10 per kg in business turnover of one lot.
Market analysts said off-loading of positions by speculators, driven by sluggish demand in the spot market against higher supplies from producing region mainly influenced cardamom prices at futures trade.
Besides, adequate stocks position in the physical market on higher supplies from producing belts put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in December month fell by Rs 7.10, or 0.99% to Rs 771.10 per kg in business turnover of one lot.
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Likewise, the spice for delivery in January next year traded lower by Rs 5, or 0.58% to Rs 856.80 per kg in 153 lots.
Market analysts said off-loading of positions by speculators, driven by sluggish demand in the spot market against higher supplies from producing region mainly influenced cardamom prices at futures trade.