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Cardamom futures fall 0.94% on sluggish demand

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Press Trust of India New Delhi
Last Updated : Jan 11 2016 | 12:48 PM IST
Cardamom futures fell by 0.94 per cent to Rs 799.30 per kg today, as traders trimmed their holdings amid sluggish spot demand.
Besides, adequate stock position following increased arrivals from producing regions also fuelled the downtrend.
At the Multi Commodity Exchange, the commodity for February contracts eased by Rs 7.60 or 0.94 per cent to Rs 799.30 per kg with a business turnover of 239 lots.
The spice for delivery in March was down by Rs 3.60 or 0.44 per cent to Rs 805.40 per kg with a trading volume of 10 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: Jan 11 2016 | 12:48 PM IST

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