Cardamom futures fall on muted demand

Cardamom prices drifted down by Rs 7.20 to Rs 1,202 per kg in futures market today as traders trimmed holdings amid sluggish demand at the spot market.

Besides, adequate stocks position following increased arrivals from producing regions too fuelled the downtrend.

At the Multi Commodity Exchange, cardamom for this month delivery declined by Rs 7.20, or 0.60 per cent, to Rs 1,202 per kg, in a business turnover of just one lot.

The spice for delivery in June was trading down by 0.40 paise, or 0.04 per cent, to Rs 1,009.90 per kg, with a trading volume of 4 lots.
 

Traders said offloading 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 at futures trade.