Cardamom down by 0.6% on sluggish demand

Adequate stocks availability in the physical market following increased arrivals from producing regions affected prices

Cardamom prices lost 0.62% to Rs 758.50 per kg in futures trade today as speculators trimmed their positions tracking a weak trend at spot market on sluggish demand.

Adequate stocks availability in the physical market following increased arrivals from producing regions also put pressure on cardamom.

At the Multi Commodity Exchange, cardamom for delivery in October fell further by Rs 4.70, or 0.62% to Rs 758.50 per kg in business turnover of 281 lots.

Similarly, the spice for delivery in November traded lower by Rs 4.10, or 0.51% to Rs 803 per kg in 26 lots.

Market analysts said speculators trimmed their positions tracking a weak trend at spot market on sluggish demand against adequate stocks position mainly kept pressure on cardamom prices at futures trade.

http://www.business-standard.com/article/markets/cardamom-down-by-0-6-on-sluggish-demand-113092000327_1.html