Cardamom futures remain weak on subdued demand

Analysts said offloading of positions by speculators due to low demand affected prices

Cardamom remained weak for the second day and prices fell 0.30% to 823 per kg in futures trade today as speculators trimmed positions amid subdued demand in the spot market.

At the Multi Commodity Exchange, cardamom for delivery in March fell further by Rs 2.50, or 0.30% to Rs 823 per kg in business turnover of 215 lots.

Similarly, the spice for delivery in April weakened by Rs 2.50, or 0.29% to Rs 853 per kg in 37 lots.

Analysts said offloading of positions by speculators due to low demand in the spot market against adequate stocks position mainly influenced cardamom prices at futures trade.