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Cardamom futures down 2 pc on fall in demand

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Press Trust of India New Delhi
Last Updated : Jun 30 2017 | 12:42 PM IST
Cardamom prices fell 2 per cent to Rs 1,003.30 per kg in futures trade today as speculators reduced positions amid low demand.
Besides, sufficient stocks on higher arrivals from the major cardamom producing regions too weighed on the prices.
At the Multi Commodity Exchange, cardamom for delivery in July fell by Rs 20.40, or 2 per cent, to Rs 1,003.30 per kg, in a business turnover of 39 lots.
Similarly, the spice for delivery in August edged down by Rs 17.10, or 1.80 per cent, to Rs 933 per kg, with trading volume of just one lot.
Analysts said off-loading of positions by speculators amid higher supplies from producing regions and sluggish demand in the spot market mainly pulled down cardamom prices in futures trade.

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First Published: Jun 30 2017 | 12:42 PM IST

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