 "Cardamom down 0.8% on sluggish demand")
Cardamom prices moved down by 0.86% to Rs 822.50 per kg in futures market today as speculators reduced their holdings due to sluggish demand in the spot market at higher levels.
Besides, adequate stocks in the physical market on fresh arrivals from producing regions also put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in March declined by Rs 7.10, or 0.86%, to Rs 822.50 per kg in a business turnover of 639 lots.
Analysts attributed the fall in cardamom prices at futures trade to offloading of positions by speculators due to sluggish demand in the spot market at prevailing higher levels.
Besides, adequate stocks in the physical market on fresh arrivals from producing regions also put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in March declined by Rs 7.10, or 0.86%, to Rs 822.50 per kg in a business turnover of 639 lots.
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In a similar fashion, the spice for delivery in February traded lower by Rs 2.30, or 0.33%, to Rs 697.20 per kg in 17 lots.
Analysts attributed the fall in cardamom prices at futures trade to offloading of positions by speculators due to sluggish demand in the spot market at prevailing higher levels.