Cardamom down 0.2% on sluggish demand

Cardamom futures extended losses for the third straight day by losing 0.24% to Rs 716 per kg in futures trade today as speculators trimmed positions, tracking a weak trend at spot market on sluggish demand.

 

Adequate stocks availability in the physical market on increased arrivals from producing belt also influenced cardamom.

 

At the Multi Commodity Exchange, cardamom for delivery in December fell further by Rs 1.70, or 0.24%, to Rs 716 per kg in business turnover of 127 lots.

 

Similarly, spice for delivery in January traded marginally lower by 60 paise, or 0.08%, to Rs 743.10 per kg in 20 lots.