Cardamom falls on low demand, high supply

Adequate stocks in the spot markets pulled prices down

Cardamom prices fell by Rs 11.30 to Rs 1,032.40 per kg in futures trade today due to adequate stocks position in the physical market following higher supplies from the producing belts.

At the Multi Commodity Exchange, the January contract fell by Rs 11.30, or 1.08%, to Rs 1,032.40 per kg, with a business turnover of 1,629 lots.

The February contract eased by Rs 7.20, or 0.66%, to Rs 1,076.20 per kg, with a trading volume of 259 lots.

Marketmen said the fall in cardamom prices was mostly due to adequate stocks in the spot markets and subdued demand.