Cardamom falls by 0.7% on sluggish demand

Further, ample stocks in the physical market following higher supply too weighed on prices

Cardamom futures extended losses by falling 0.70% to Rs 792.80 per kg today due to muted demand in the spot market.

Further, ample stocks in the physical market following higher supply from the major producing belts too weighed on cardamom prices.

At the Multi Commodity Exchange, cardamom for December contract eased by Rs 5.60, or 0.70%, to Rs 792.80 per kg with a business turnover of 14 lots.

Cardamom for delivery in November fell Rs 4.90, or 0.63%, to Rs 771.10 per kg with trading volume of 100 lots.

Marketmen said apart from profit-taking by speculators at existing levels, fall in demand in spot market weighed on cardamom prices at futures market.