Cardamom prices drifted further lower by 1.40 per cent to Rs 1,137.40 per kg in futures trade today as speculators cut bets, taking negative cues from spot market on easing demand.
At the Multi Commodity Exchange, cardamom for delivery in April fell by Rs 16.10, or 1.40 per cent, to Rs 1,137.40 per kg in business turnover of 1 lot.
Likewise, the spice for delivery in March contracts shed Rs 3.90, or 0.34 per cent, to Rs 1,140 per kg in 1 lot.
Traders said offloading of positions by participants on the back of easing demand in the physical market against adequate stocks position kept cardamom prices down in futures trade.
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