Cardamom down 0.3% on low demand

Spice for delivery in December shed 0.24%

Continuing its losing streak for the fourth straight session, cardamom prices fell by 0.34% to Rs 731 per kg in futures trade today owing to subdued demand in the spot market against higher supply from producing belts.

At the Multi Commodity Exchange, cardamom for delivery in November fell further by Rs 2.50, or 0.34%, to Rs 731 per kg in business turnover of 178 lots.

Similarly, the spice for delivery in December shed Rs 2, or 0.24% to Rs 751.50 per kg in 20 lots.

Market analysts said low demand in the spot market against supply pressure from producing belts mainly kept pressure on cardamom prices at futures trade.