 "Cardamom down 1.1% on sluggish demand")
Cardamom continued its losing streak for the third-straight day as prices fell further by 1.15% to Rs 912.20 per kg in futures trade today on reduced positions by speculators amid a weak trend in spot markets.
At the Multi Commodity Exchange, cardamom for delivery in June fell by Rs 10.60, or 1.15%, to Rs 912.20 per kg in a business turnover of 413 lots.
In a similar fashion, the spice for July contract shed 30 paise, or 0.03%, to Rs 913.50 per kg in 142 lots.
Analysts said weak trend in spot market on subdued demand against adequate stocks position kept pressure on cardamom prices to surrender further ground at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in June fell by Rs 10.60, or 1.15%, to Rs 912.20 per kg in a business turnover of 413 lots.
In a similar fashion, the spice for July contract shed 30 paise, or 0.03%, to Rs 913.50 per kg in 142 lots.
Analysts said weak trend in spot market on subdued demand against adequate stocks position kept pressure on cardamom prices to surrender further ground at futures trade.