Cardamom down 0.4% on sluggish demand

Spice for delivery in September shed 0.15%

Cardamom prices moved down by 0.40% to Rs 927.50 per kg in futures trade today as speculators reduced positions amid a weak trend at spot market on subdued demand coupled with adequate stocks in the physical market.

At the Multi Commodity Exchange, cardamom for delivery in August fell by Rs 3.70, or 0.40%, to Rs 927.50 per kg in a business turnover of 114 lots.

Likewise, the spice for delivery in September shed Rs 1.40, or 0.15%, to Rs 908.20 per kg in six lots.

Market analysts said offloading of positions by speculators on the back of subdued demand in the spot markets against adequate stocks position led to the fall in cardamom prices at futures trade.