 "Cardamom sheds 0.5% on subdued demand")
Cardamom prices declined by 0.53 per cent to Rs 851 per kg in futures market today as speculators trimmed positions on subdued demand in the spot market.
Adequate stocks position in the physical market on increased arrivals from producing belt also put pressure on cardamom.
At the Multi Commodity Exchange, cardamom for delivery in April fell by Rs 4.50, or 0.53 per cent to Rs 851 per kg in business turnover of 425 lots.
Analysts said speculators trimmed positions on subdued demand in the spot market against adequate stocks position and this mainly led to decline in cardamom prices at futures trade.
Adequate stocks position in the physical market on increased arrivals from producing belt also put pressure on cardamom.
At the Multi Commodity Exchange, cardamom for delivery in April fell by Rs 4.50, or 0.53 per cent to Rs 851 per kg in business turnover of 425 lots.
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However, the May contract held steady at Rs 875.80 per kg in 198 lots.
Analysts said speculators trimmed positions on subdued demand in the spot market against adequate stocks position and this mainly led to decline in cardamom prices at futures trade.