Cardamom down 0.3% on muted demand

Cardamom prices fell by 0.29% to Rs 760 per kg in futures trading today as traders indulged in reducing their positions, tracking a weak trend at spot market on subdued demand.

At the Multi Commodity Exchange, cardamom for delivery in February month eased by Rs 2.20, or 0.29%, to Rs 760 per kg in business turnover of 133 lots.

Likewise, the spice for delivery in March contracts traded lower by Rs 1.80, or 0.24%, to Rs 759 per kg in 27 lots.

Analysts said offloading of positions by participants amid sluggish demand in the spot market against adequate stocks position on higher supplies from producing belts mainly influenced cardamom prices at futures trade.