Cardamom extends losses on weak spot demand

Increased arrivals from producing belts kept pressure on cardamom

Continuing its slide for the third day today, Cardamom futures for February declined by Rs 8.70, or 0.83%, to Rs 1,045.20 per kg in 1,037 lots.

At the Multi Commodity Exchange (MCX), the March contract traded lower by Rs 6, or 0.55%, to Rs 1,083.60 per kg in 200 lots.

Speculators reducing their holdings, weak spot markets trend on sluggish demand affected the trade.

Increased arrivals from producing belts also kept pressure on cardamom.