Cardamom down by 0.6% on muted demand

Higher supplies from producing belts also put pressure on prices

Amid subdued domestic demand at spot market and higher supplies from producing regions, cardamom prices drifted by 0.62% to Rs 769.30 per kg in futures market today.

At the Multi Commodity Exchange, cardamom for delivery in February traded lower by Rs 4.80, or 0.62%, to Rs 769.30 per kg, in a business turnover of 104 lots.

However, spice for delivery in March held steady at Rs 770.10 per kg in 16 lots.

Analysts said besides subdued demand in the spot market, higher supplies from producing belts mainly put pressure on cardamom prices at futures trade.