Cardamom remains weak on sluggish demand

Higher arrivals from producing regions affected the trade

Press Trust of India / New Delhi Feb 01, 2013, 14:35 IST Cardamom futures for April declined by Rs 6.50, or 0.58%, to Rs 1,120 per kg in 8 lots. At the Multi Commodity Exchange (MCX), the March contract shed Rs 1.90, or 0.18%, to Rs 1,073 per kg in 207 lots. Weak spot market trend, speculators trimming their positions amid sluggish demand affetced the trade. Higher arrivals from producing belts also kept pressure on cardamom. Read the entire article Here