Cardamom futures down 0.52% on low demand

Cardamom prices drifted lower by Rs 5.20 or 0.52 per cent to Rs 1,001.90 per kg in futures trading today due to weak advices from spot markets.

At the Multi Commodity Exchange, cardamom for delivery in June declined by Rs 5.20, or 0.52 per cent to Rs 1,001.90 per kg in business turnover of 11 lots.

Analysts said offloading of positions by participants in line with sluggish demand in spot markets mainly influenced cardamom prices at futures trade.

Prices of the spice were under pressure at spot markets due to increased supplies from producing belts.