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Cardamom futures fall 0.91 pc on sluggish demand

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Press Trust of India New Delhi
Cardamom futures fell by 0.91 per cent to Rs 934.90 per kg today, as traders trimmed their holdings amid sluggish spot demand.

Besides, adequate stock position, following increased arrivals from producing regions, also fuelled the downtrend.

At the Multi Commodity Exchange, the commodity for August contracts eased by Rs 8.60 or 0.91 per cent to Rs 934.90 per kg with a business turnover of 132 lots.

The spice for delivery in September was down by Rs 3.40 or 0.37 per cent to Rs 895 per kg with a trading volume of 32 lots.

Analysts said offloading of positions by participants owing to a weak trend at spot market on subdued demand mainly put pressure on cardamom prices at futures trade.
 

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First Published: Jul 25 2016 | 12:13 PM IST

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