Cardamom prices drifted further lower by 2.93 per cent to Rs 1,012 per kg in futures trade today as speculators engaged in reducing positions, tracking a weak trend at pot market on low demand.
Besides, ample stocks position on higher supplies from growing regions, too weighed on prices.
At the Multi Commodity Exchange, cardamom for delivery in far-month June fell by Rs 30.60, or 2.93 per cent to Rs 1,012 per kg in business turnover of 2 lots.
Likewise, the spice for delivery in May shed Rs 1.40, or 0.13 per cent to Rs 1,050 per kg in 6 lots.
Analysts said offloading of positions by participants owing to tepid demand in the physical market against adequate stocks position on higher supplies from producing belts kept cardamom prices down at futures trade.
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