Cardamom futures extend losses 2.43% as demand declines

NEW DELHI: Cardamom futures prices fell by 2.43 per cent to Rs 757.80 per kg on Friday, as speculators reduced their positions, driven by a weak trend at spot market.

At the Multi Commodity Exchange, cardamom for delivery in May declined by Rs 18.90, or 2.43 per cent, to Rs 757.80 per kg in business turnover of 964 lots.

Similarly, the spice for delivery in June traded lower by Rs 17.80, or 2.24 per cent, to Rs 775 per kg in 438 lots.

Market analysts said traders reduced their positions on the back of weak trend at spot market on subdued demand mainly helped cardamom futures to trade lower.