 "Cardamom down 0.1% on sluggish demand")
Cardamom prices weakened by 0.12% to Rs 900 per kg in futures trading today as speculators reduced holdings due to sluggish demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery in May declined by Rs 1.10, or 0.12%, to Rs 900 per kg in a business turnover of 357 lots.
Similarly, the spice for delivery in April shed 80 paise, or 0.09%, to Rs 855 per kg in 224 lots.
Analysts said offloading of positions by speculators, triggered by sluggish demand in the spot market against adequate stocks position, mainly led to decline in cardamom prices at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in May declined by Rs 1.10, or 0.12%, to Rs 900 per kg in a business turnover of 357 lots.
Similarly, the spice for delivery in April shed 80 paise, or 0.09%, to Rs 855 per kg in 224 lots.
Analysts said offloading of positions by speculators, triggered by sluggish demand in the spot market against adequate stocks position, mainly led to decline in cardamom prices at futures trade.