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Cardamom prices declined by Rs 2.50 to Rs 788.50 per kg in futures trade today as speculators trimmed positions, tracking a weak trend at spot market on subdued demand against adequate supplies.
At the Multi Commodity Exchange, cardamom for delivery in October softened by Rs 2.50, or 0.32% to Rs 788.50 per kg in business turnover of 129 lots.
Similarly, the spice for delivery in November traded lower by Rs 1.40, or 0.17% to Rs 824 per kg in 29 lots.
Market analysts said speculators trimming positions, tracking a weak trend at spot market on subdued demand against adequate supplies from producing regions put pressure on cardamom prices at futures trade.
