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This is an archive article published on October 5, 2012

Cardamom futures prices down 1.50%

Cardamom prices slide by Rs 13.60 to Rs 894.50 per kg in futures trade today.

Cardamom prices slide by Rs 13.60 to Rs 894.50 per kg in futures trade today as speculators trimmed positions,tracking a weak trend at spot market on sluggish demand at prevailing higher levels.

Adequate stocks availability in the physical market due to higher supply from producing belts also put pressure on cardamom prices.

At the Multi Commodity Exchange,cardamom for delivery in October moved down by Rs 13.60,or 1.50 per cent,to Rs 894.50 per kg,with a business turnover of 1,554 lots.

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Similarly,the spice for delivery in November shed Rs 10.70,or 1.18 per cent,to Rs 898 per kg,with a business turnover of 696 lots.

Marketmen said speculators offloaded their positions on the back of sluggish spot demand at prevailing higher levels,which kept pressure on cardamom futures.

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