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Cardamom futures edge lower on weak demand

Press Trust of India  |  New Delhi 

Cardamom prices fell by Rs 12.80 to Rs 1,166 per kg in futures trade today as investors exited their positions amid subdued physical demand at the domestic spot market.

Adequate stocks position following increased arrivals from producing regions too fuelled the downtrend.

At the Multi Commodity Exchange, cardamom for delivery in May month contract eased by Rs 12.80, or 1.09 per cent, to Rs 1,166 per kg, in a business turnover of 73 lots.

The spice for delivery in June contract was trading down by Rs 8.90, or 0.88 per cent, to Rs 1,000.10 per kg, with a trading volume of just two lots.

Traders said offloading of positions by participants amid sluggish demand in the spot market against adequate stocks position on higher supplies from producing belts mainly led to the decline in cardamom prices in futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 20 2017. 12:07 IST