 "Cardamom remains weak on sluggish demand")
Cardamom remained weak for the second day and prices declined further by 0.29 per cent to Rs 969 per kg in futures market today owing to slackened demand in the spot market against adequate stocks positions.
At the Multi Commodity Exchange, cardamom for delivery in July moved down by Rs 1.80, or 0.29 per cent to Rs 969 per kg in business turnover of 16 lots.
The June contract shed 90 paise, or 0.09 per cent to Rs 987 per kg in 190 lots.
Marketmen said besides sluggish demand in the spot market, adequate stocks in the physical market, mainly kept pressure on cardamom prices at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in July moved down by Rs 1.80, or 0.29 per cent to Rs 969 per kg in business turnover of 16 lots.
The June contract shed 90 paise, or 0.09 per cent to Rs 987 per kg in 190 lots.
Marketmen said besides sluggish demand in the spot market, adequate stocks in the physical market, mainly kept pressure on cardamom prices at futures trade.