Muted demand drags down cardamom futures 1.98%

Cardamom prices tumbled by 1.98 per cent to quote at Rs 932 per kg in futures market today as traders lightened their positions, driven by easing demand in the spot market against adequate stocks position.
In futures trading at the Multi Commodity Exchange, cardamom for delivery in June tumbled by Rs 18.80, or 1.98 per cent, to Rs 932 per kg, in a business turnover of 48 lots.
Traders said offloading of positions by participants amid sluggish demand in the spot market against adequate stocks position on higher supplies from producing belts mainly led to decline in cardamom prices at futures trade.