 "Cardamom down 0.5% on weak demand")
Cardamom extended losses for the second day with prices falling by 0.57% to Rs 693.10 per kg in futures trading today as speculators indulged in reducing positions, tracking a weak trend at spot market.
At the Multi Commodity Exchange, cardamom for delivery in December fell further by Rs 4, or 0.57%, to Rs 693.10 per kg in business turnover of 167 lots.
Similarly, the spice for delivery in January traded lower by Rs 2.30, or 0.32% to Rs 726.50 per kg in 74 lots.
Analysts said the fall in cardamom prices at futures trade was attributed offloading of positions by speculators, tracking a weak trend at spot market on sluggish demand against increased supplies from producing belts.
At the Multi Commodity Exchange, cardamom for delivery in December fell further by Rs 4, or 0.57%, to Rs 693.10 per kg in business turnover of 167 lots.
Similarly, the spice for delivery in January traded lower by Rs 2.30, or 0.32% to Rs 726.50 per kg in 74 lots.
Analysts said the fall in cardamom prices at futures trade was attributed offloading of positions by speculators, tracking a weak trend at spot market on sluggish demand against increased supplies from producing belts.