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Cardamom futures fall 1.04 pc on sluggish demand

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Press Trust of India New Delhi
Last Updated : Mar 14 2017 | 12:42 PM IST
Cardamom futures fell 1.04 per cent to Rs 1,375.10 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 far-month May declined by Rs 14.50 or 1.04 per cent to Rs 1,375.10 per kg in a business turnover of just 7 lots.
The spice for delivery in April was down by Rs 6 or 0.43 per cent to Rs 1,379.50 per kg with a trading volume of 83 lots.
Marketmen 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: Mar 14 2017 | 12:42 PM IST

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