Cardamom down by 1% on muted demand
Besides, adequate stocks position on higher supplies from producing areas put pressure on cardamom prices
 "Cardamom down by 1% on muted demand")
Cardamom prices fell by 1.02% to Rs 731.40 per kg in futures market today as traders trimmed positions, taking weak cues from spot market on subdued demand.
Besides, adequate stocks position on higher supplies from producing areas put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in far-month January moved down by Rs 7.50, or 1.02% to Rs 731.40 per kg in a business turnover of 108 lots.
On similar lines, the spice for delivery in December traded lower by Rs 3.70, or 0.55% to Rs 670.00 per kg in 49 lots.
Market analysts said offloading of positions by participants, driven by low demand in the spot market against ample stocks position, mainly led to the decline in cardamom prices at futures trade.
Besides, adequate stocks position on higher supplies from producing areas put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in far-month January moved down by Rs 7.50, or 1.02% to Rs 731.40 per kg in a business turnover of 108 lots.
On similar lines, the spice for delivery in December traded lower by Rs 3.70, or 0.55% to Rs 670.00 per kg in 49 lots.
Market analysts said offloading of positions by participants, driven by low demand in the spot market against ample stocks position, mainly led to the decline in cardamom prices at futures trade.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Dec 03 2015 | 11:22 AM IST