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Cardamom futures fall 0.67 pc on sluggish demand

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Press Trust of India New Delhi
Last Updated : Dec 22 2016 | 12:48 PM IST
Cardamom futures fell by 0.67 per cent to Rs 1,345 per kg today as traders trimmed their holdings amid sluggish spot demand.
Besides, adequate stocks position following increased arrivals from producing regions also fuelled the downtrend.
At the Multi Commodity Exchange, cardamom for delivery in January 2017 eased by Rs 9.20, or 0.67 per cent, to Rs 1,345 per kg, in a business turnover of 33 lots.
The spice for delivery in February was trading down by Rs 1.60, or 0.11 per cent, to Rs 1,383 per kg, with a trading volume of six lots.
Analysts said offloading of positions by participants owing to a weak trend at spot market on subdued demand mainly put pressure on cardamom prices at futures trade.

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First Published: Dec 22 2016 | 12:48 PM IST

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