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Cardamom futures slide 1.60% on weak spot cues

Press Trust of India  |  New Delhi 

prices fell by 1.60 per cent to Rs 1,002 per kg in futures trade today as speculators cut bets, taking negative cues from spot market on muted demand.

At the Multi Commodity Exchange, for delivery in May was trading lower by Rs 16.30, or 1.60 per cent, to Rs 1,002 per kg in business turnover of nine lots.

Marketmen said offloading of positions by participants owing to slackened demand in the physical market against adequate stocks position on higher supplies from producing belts weighed on futures.

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

First Published: Mon, April 16 2018. 11:25 IST