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Cardamom futures down 2.5% on sluggish demand

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Press Trust of India New Delhi

Cardamom futures fell by Rs 29.70 to Rs 1,150 per kg today as traders reduced their positions, tracking weak cues from spot markets.

At the Multi Commodity Exchange, cardamom for far-month October dropped by Rs 29.70, or 2.52 per cent, to Rs 1,150 per kg with an open interest of 1,129 lots.

Similarly, the spice for delivery in August month also fell by Rs 14.80, or 0.97 per cent, to Rs 1,511 per kg in 1,540 lots.
    
Marketmen said fall in demand and increased arrivals in physical markets led to fall in cardamom prices at futures market.

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First Published: Aug 04 2010 | 12:01 PM IST

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