Cardamom falls by 2.7% on subdued demand

Continuing its losing streak for the second day, cardamom prices fell by 2.72% to Rs 827 per kg in futures trade today as speculators engaged in reducing positions amid adequate stocks against subdued demand in the spot market.

At the Multi Commodity Exchange, cardamom for delivery in November fell by Rs 23.20, or 2.72%, to Rs 827 per kg in a business turnover of 22 lots.

In a similar fashion, the spice for delivery in October traded lower by Rs 5.70, or 0.68%, to Rs 825 per kg in 169 lots.

Market analysts said weak trend at spot market against adequate stocks in the physical market on higher supplies from the producing belts mainly kept pressure on cardamom prices at futures trade.