Cardamom weakens 0.4% on adequate supply

Adequate stocks influence prices

Cardamom weakened by Rs 3.50 to Rs 877 per kg in futures trading today as speculators trimmed positions amid adequate supplies in the spot market from producing regions against subdued demand.

Adequate stocks following higher arrivals from producing regions kept pressure on cardamom futures.

At the Multi Commodity Exchange, cardamom for delivery in December declined by Rs 3.50, or 0.40%, to Rs 877 per kg, with a business turnover of 43 lots.

November cardamom shed Rs 1.40, or 0.17%, to Rs 809 per kg, with a business turnover of 194 lots.

Marketmen said increased supplies from producing regions against subdued demand in the spot market caused cardamom futures to trade lower.