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Cardamom down 0.7% on low demand

Spice for delivery in October edged down by Rs 4.40, or 0.55%

Press Trust of India New Delhi
Cardamom fell 0.76 per cent to Rs 782.80 per kg in futures trade today as speculators reduced positions amid low demand against higher supplies at spot market from producing belts.

At the Multi Commodity Exchange, cardamom for delivery in September fell Rs 6, or 0.76 per cent to Rs 782.80 per kg in a business turnover of 190 lots.

Similarly, the spice for delivery in October edged down by Rs 4.40, or 0.55 per cent to Rs 791 per kg in 26 lots.

Analysts said offloading of positions by speculators amid higher supplies from producing regions and muted demand at the spot market mainly pulled down cardamom prices in futures trade.
 

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First Published: Aug 19 2015 | 12:08 PM IST

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