Cardamom futures decline 0.51 pc on sluggish demand

NEW DELHI: Cardamom prices declined 0.51 per cent to Rs 982.50 per kg in futures trading today as speculators reduced positions amid sluggish demand against adequate stocks position.

At the Multi Commodity Exchange, cardamom for delivery in May declined by Rs 5, or 0.51 per cent, to Rs 982.50 per kg in a business turnover of 247 lots.

Similarly, the spice for delivery in June traded lower by Rs 3.60, or 0.35 per cent, to Rs 1,013.30 per kg in 110 lots.

Analysts said speculators trimmed positions due to sluggish demand against adequate stocks position, leading to fall in cardamom prices at futures trade.