Cardamom falls 1.5% on sluggish demand

Increased arrivals from producing belts kept pressure on cardamom futures

Cardamom futures for February fell further by Rs 14.10, or 1.48%, to Rs 938.60 per kg in 15 lots.

At the Multi Commodity Exchange (MCX), the March contract traded lower by Rs 7.50, or 0.74%, to Rs 1,012 per kg in 215 lots.

Prices fell as speculators offloaded positions, tracking weak spot market trend on sluggish demand.

Increased arrivals from producing belts also kept pressure on cardamom futures prices.