 "Cardamom falls 0.63% on sluggish demand")
Cardamom prices fell by 0.63% to Rs 777 per kg in futures trade today as speculators offloaded positions amid sluggish demand at prevailing higher levels in the spot market.
Adequate stocks position in the physical market due to increased arrivals from producing belts also weighed on cardamom futures.
At the Multi Commodity Exchange, cardamom for delivery in March fell by Rs 4.90, or 0.63%, to Rs 777 per kg in business turnover of 169 lots.
Market analysts said off-loading of positions by speculators, driven by sluggish demand in the spot market against adequate stocks position mainly influenced cardamom prices at futures trade.
Adequate stocks position in the physical market due to increased arrivals from producing belts also weighed on cardamom futures.
At the Multi Commodity Exchange, cardamom for delivery in March fell by Rs 4.90, or 0.63%, to Rs 777 per kg in business turnover of 169 lots.
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April cardamom shed Rs 4.20, or 0.52%, to Rs 807.90 per kg in 88 lots.
Market analysts said off-loading of positions by speculators, driven by sluggish demand in the spot market against adequate stocks position mainly influenced cardamom prices at futures trade.