Cardamom down 0.1% on subdued demand

Extending losses for the second straight day, cardamom was down marginally by 0.15 per cent to Rs 810.20 per kg in futures trading today as speculators reduced their positions, taking negative cues from spot market on subdued demand.

Besides, adequate stocks in the physical market on higher supplies from major producing regions put pressure on cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in September traded lower by Rs 1.20, or 0.15 per cent to Rs 810.20 per kg in a business turnover of 111 lots.

Market analysts said besides fall in demand at the spot market, adequate stocks on higher supplies from producing belts mainly weighed on cardamom prices in futures trade.