Cardamom futures remain weak on adequate supply

Cardamom prices fell further by Rs 10.30 to Rs 920 per kg in futures trade today on sluggish spot market demand against adequate stocks position.

Adequate stocks position following increased arrivals from producing regions also put pressure on the cardamom futures prices.

At the Multi Commodity Exchange, cardamom for delivery in August fell by Rs 10.30, or 1.11% to Rs 920 per kg, with a business turnover of 20 lots. 

Similarly, the spice for delivery in June shed Rs 3.80, or 0.42% to Rs 904 per kg, with a business volume of 55 lots.   

Analysts said sluggish demand at existing higher levels against increased arrivals in the physical market mainly led to a fall in cardamom prices at futures trade.