Cardamom down by 1.2% on muted demand

Cardamom futures fell by 1.23% to Rs 828.50 per kg today as traders trimmed their holdings amid subdued spot demand.

Besides, adequate stock position following increased arrivals from producing regions also fuelled the downtrend.

At the Multi Commodity Exchange, the commodity for June eased by Rs 10.30, or 1.23%, to Rs 828.50 per kg with a business turnover of 176 lots.

The spice for delivery in July was down Rs 4.70, or 0.54%, to Rs 860.10 per kg with a trading volume of 41 lots.

Analysts said offloading of positions by participants owing to a weak trend at spot market on subdued demand mainly put pressure on cardamom prices.