Cardamom down 1.1% on sluggish demand

Cardamom futures fell 1.11% to Rs 862.90 per kg today as traders trimmed their holdings amid sluggish spot demand.

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

At the Multi Commodity Exchange, the commodity for July eased by Rs 9.70 or 1.11% to Rs 862.90 per kg, with a business turnover of 217 lots.

The spice for delivery in June was trading lower by Rs 9.30 or 1.06% to Rs 860 per kg, with a trading volume of 21 lots.

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