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Cardamom futures remain weak, shed 0.98 pc on low demand

Press Trust of India  |  New Delhi 

Cardamom prices fell further by 0.98 per cent to Rs 1,074 per kg in futures trade today as speculators engaged in reducing positions, tracking a weak trend at spot market on muted demand domestic as well as demand.

Besides, adequate stocks position on higher arrivals from the major cardamom producing regions weighed on the prices.

At the Multi Commodity Exchange, cardamom for delivery in December fell by Rs 10.60, or 0.98 per cent, to Rs 1,074 per kg in a business turnover of 2 lots.

On similar lines, the spice for delivery in November declined by Rs 9, or 0.85 per cent, to Rs 1,050 per kg in 20 lots.

Analysts said, cutting down of positions by speculators owing to slackened domestic and demand in the physical market against adequate stocks position on higher supplies from producing regions, mainly kept cardamom prices lower at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 10 2017. 11:22 IST