Cardamom down 0.8% on sluggish demand

Weak spot market trend on subdued demand affected the trade

Cardamom futures for March declined by Rs 8.90, or 0.81%, to Rs 1,077.50 per kg in 474 lots.

At the Multi Commodity Exchange (MCX), the February contract traded lower by Rs 6.70, or 0.63%, to Rs 1,044.60 per kg in 812 lots.

Off-loading of positions by traders amid a weak spot market trend on subdued demand led to a fall in cardamom futures trade.

Adequate stocks position in the physical market also influenced trading in cardamom prices.