Cardamom down 0.3% as demand falters

Spice for delivery in August contracts shed 0.24%

Cardamom prices fell 0.35 per cent to Rs 824 per kg in futures trade today as participants reduced their holdings amid subdued demand in the spot market.

Besides, adequate stocks in the physical market on higher supplies from producing regions fuelled the downtrend.

At the Multi Commodity Exchange, cardamom for delivery in July declined Rs 2.90, or 0.35 per cent, to Rs 824 per kg in a business turnover of 53 lots.

Likewise, the spice for delivery in August contracts shed Rs 2, or 0.24 per cent, to Rs 818 per kg in 8 lots.

Market analysts said offloading of positions by participants due to sluggish demand in the spot market mainly led to the fall in cardamom futures.