Cardamom futures slip down 0.62 pc on sluggish demand

NEW DELHI, Sept 20: Cardamom prices lost 0.62 per cent 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 per cent 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 per cent 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. (PTI)