Cardamom falls 0.49% on subdued demand

Speculators pare positions as stocks build up

Cardamom prices fell by 0.49 per cent to Rs 984 per kg in futures market today as speculators trimmed their positions, tracking a weak trend at spot market on sluggish demand.

Besides, adequate stocks position weighed on cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in May eased by Rs 4.80, or 0.49 per cent, to Rs 984 per kg in a business turnover of 459 lots.

Similarly, the spice for delivery in June weakened by Rs 3.20, or 0.33 per cent, to Rs 976 per kg in 365 lots.

Analysts said speculators trimmed their positions, tracking a weak trend at spot market on subdued demand against adequate stocks position, leading to a fall in cardamom prices at futures trade.