Cardamom down 0.9% on subdued demand
Spice for delivery in July contract traded tad lower by 0.06%
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Cardamom remained weak for the third day and prices fell by 0.93% to Rs 901 per kg in futures trading today on increased offloading of positions by speculators, tracking subdued demand in the spot market.
Adequate stocks position on increased arrivals from producing belts also influenced cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in June eased by Rs 8.50, or 0.93%, to Rs 901 per kg in business turnover of 6 lots.
Likewise, the spice for delivery in July contract traded tad lower by 50 paise, or 0.06%, to Rs 899.50 per kg in 155 lots.
Market analysts said the fall in cardamom prices in futures trade was mostly due to offloading of positions triggered by subdued demand at spot market.
Adequate stocks position on increased arrivals from producing belts also influenced cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in June eased by Rs 8.50, or 0.93%, to Rs 901 per kg in business turnover of 6 lots.
Likewise, the spice for delivery in July contract traded tad lower by 50 paise, or 0.06%, to Rs 899.50 per kg in 155 lots.
Market analysts said the fall in cardamom prices in futures trade was mostly due to offloading of positions triggered by subdued demand at spot market.
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First Published: Jun 06 2014 | 12:18 PM IST