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Cardamom remained weak as prices fell further by 0.79% to Rs 790.10 per kg in futures trading today as speculators trimmed positions due to subdued spot demand against adequate supplies from producing regions.
At the Multi Commodity Exchange, cardamom for delivery in March fell further by Rs 6.30, or 0.79%, to Rs 790.10 per kg in business turnover of 16 lots.
Similarly, the spice for delivery in April traded lower by Rs 5, or 0.61%, to Rs 812.50 per kg in 551 lots.
Analysts said speculators trimmed positions on subdued demand in the spot market against sufficient stocks position that kept pressure on cardamom prices to trade lower at futures trade.
