Cardamom down 0.2% on adequate supply, weak demand
Spice for delivery in June traded lower by 0.09%
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Cardamom remained weak for the second day and prices fell by 0.24% to Rs 973.90 per kg in futures trade today on subdued demand in the spot market.
Besides, higher arrivals from producing belts also put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in May fell further by Rs 2.30, or 0.24%, to Rs 973.90 per kg in business turnover of 131 lots.
Similarly, the spice for delivery in June traded lower by 90 paise, or 0.09%, to Rs 1,004.90 per kg in 65 lots.
Analysts said subdued demand in the spot market against adequate adequate supplies from producing regions mainly kept pressure on cardamom prices at futures trade.
Besides, higher arrivals from producing belts also put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in May fell further by Rs 2.30, or 0.24%, to Rs 973.90 per kg in business turnover of 131 lots.
Similarly, the spice for delivery in June traded lower by 90 paise, or 0.09%, to Rs 1,004.90 per kg in 65 lots.
Analysts said subdued demand in the spot market against adequate adequate supplies from producing regions mainly kept pressure on cardamom prices at futures trade.
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First Published: Apr 30 2014 | 12:34 PM IST