 "Cardamom down 1.6% on low demand, higher arrivals")
Cardamom prices moved down by 1.66% or Rs 14.40 to Rs 852.40 per kg in futures trade today after speculators reduced positions amid higher supplies in spot markets from producing belts.
Besides, subdued spot demand also put pressure on cardamom futures here.
At the Multi Commodity Exchange, cardamom for delivery in November declined by Rs 14.40, or 1.66%, to Rs 852.40 per kg in a business turnover of 146 lots.
Market analysts said off-loading of positions by traders amid higher supplies from producing regions and low spot demand mainly led to fall in cardamom prices here.
Besides, subdued spot demand also put pressure on cardamom futures here.
At the Multi Commodity Exchange, cardamom for delivery in November declined by Rs 14.40, or 1.66%, to Rs 852.40 per kg in a business turnover of 146 lots.
More From This Section
Similarly, the spice for delivery in December traded lower by Rs 12.70, or 1.43%, to Rs 873.10 per kg with trading volume of 322 lots.
Market analysts said off-loading of positions by traders amid higher supplies from producing regions and low spot demand mainly led to fall in cardamom prices here.