Cardamom futures extend losses on low demand

NEW DELHI: Cardamom futures extended losses for the second straight day by losing 0.14 per cent to Rs 866.30 per kg in futures trade today as speculators reduced positions due to low demand in the spot market against higher supplies.

At the Multi Commodity Exchange, cardamom for delivery in May declined by Rs 1.20, or 0.14 per cent to Rs 866.30 per kg in business turnover of 166 lots.

Similarly, the spice for delivery in April shed 90 paise, or 0.11 per cent to Rs 846.70 per kg in 295 lots.

Analysts said speculators reduced positions on the back of low demand in the spot market against higher supplies from producing regions that influenced cardamom prices at futures trade.