Cardamom down 0.3% on weak demand

Spice for delivery in March declined by 0.19%

Continuing its losing streak for the third straight session, cardamom prices fell by 0.39% to Rs 758.60 per kg in futures market today as speculators engaged in trimming positions due to weak demand.

At the Multi Commodity Exchange, cardamom for delivery in far-month April fell by Rs 3, or 0.39%, to Rs 758.60 per kg in business turnover of 2 lots.

Similarly, the spice for delivery in March declined by Rs 1.40, or 0.19%, to Rs 731.80 per kg in 14 lots.

However, spice for delivery in February held steady at Rs 703 per kg in 95 lots.

Market analysts said speculators trimmed positions amid weak demand in the spot market against adequate stocks position which kept pressure on cardamom prices.