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Cardamom extends losses on weak spot demand

Increased arrivals from producing belts kept pressure on cardamom

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Press Trust of India New Delhi
Last Updated : Feb 06 2013 | 8:02 AM IST

Continuing its slide for the third day today, Cardamom futures for February declined by Rs 8.70, or 0.83%, to Rs 1,045.20 per kg in 1,037 lots.

At the Multi Commodity Exchange (MCX), the March contract traded lower by Rs 6, or 0.55%, to Rs 1,083.60 per kg in 200 lots.

Speculators reducing their holdings, weak spot markets trend on sluggish demand affected the trade.

Increased arrivals from producing belts also kept pressure on cardamom.

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First Published: Jan 30 2013 | 2:08 PM IST

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