Cardamom futures decline on high supply
At the Multi Commodity Exchange, cardamom for delivery in December declined by Rs 5.80, or 0.64 per cent, to Rs 902.80 per kg, with business turnover of 412 lots. Likewise, the spice for delivery in January shed Rs 2.90, or 0.29 per cent, to Rs 985.90 per kg, with an open interest of 85 lots.
Marketmen said supply pressure from producing regions against subdued demand at prevailing higher levels mainly helped cardamom prices to trade lower at futures market.
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