Cardamom falls by 0.3% on stock glut

Cardamom prices were down 0.27% to Rs 825.20 per kg in futures trading today after speculators trimmed positions, driven by ample stocks against subdued demand in the spot market.

At Multi Commodity Exchange, cardamom for delivery in July fell Rs 2.20, or 0.27%, to Rs 825.20 per kg in a business turnover of 105 lots.

Also, the spice for delivery in August contracts edged down Rs 1.90, or 0.24%, to Rs 797.30 per kg in 2 lots.

Analysts said offloading of positions by speculators, triggered by adequate stocks in the physical market against sluggish demand, mainly led to the fall in cardamom prices.