Cardamom weakens on subdued demand

Cardamom prices weakened by Rs 7.20 to Rs 752.50 per kg in futures trade today owing to slack demand in the spot market at existing higher levels amid adequate stock availability.

At the Multi Commodity Exchange, November cardamom declined by Rs 7.20, or 0.95%, to Rs 752.50 per kg, with a business turnover of 32 lots.

The October contract lost Rs 5.20, or 0.73%, to Rs 709 per kg in 83 lots.

Analysts said besides subdued demand, the adequate stocks position in the physical market mainly led to the decline in cardamom futures prices.