Cardamom futures down 0.75% on muted demand

Cardamom futures fell by 0.75 per cent to Rs 812 per kg today as traders trimmed their holdings amid subdued spot demand.

Besides, adequate stock position following increased arrivals from producing regions also fuelled the downtrend.

At the Multi Commodity Exchange, the commodity for July eased by Rs 6.20 or 0.75 per cent to Rs 812 per kg with a business turnover of 4 lots.

The spice for delivery in August was also down Rs 1.80 or 0.19 per cent to Rs 902 per kg with a trading volume of 340 lots.

Analysts said offloading of positions by participants owing to a weak trend at spot market on subdued demand mainly put pressure on cardamom prices.