Cardamom futures weaken as demand declines

NEW DELHI: Cardamom futures fell by 1.28 per cent to Rs 745.30 per kg today as speculators reduced their positions on weak cues from spot markets. 

Adequate stocks availability in physical markets on account of higher supply from producing belts put pressure on cardamom prices in futures trade, analysts said. 

At the Multi Commodity Exchange, cardamom for delivery in August declined by Rs 9.70, or 1.28 per cent, to Rs 745.30 per kg in business turnover of 1,752 lots. 

Similarly, the spice for delivery in September traded lower by Rs 7.70, or 0.98 per cent, to Rs 776.10 per kg in 227 lots.