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Cardamom futures weaken on low demand, high supply

Dec 21 2012, 12:34 IST
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SummaryCardamom prices weakened by Rs 1.90 to Rs 1052 per kg in futures trading.

Cardamom prices weakened by Rs 1.90 to Rs 1052 per kg in futures trading today owing to low demand in the spot market against high supplies from producing belts.

At the Multi Commodity Exchange, cardamom for delivery in February month declined by Rs 1.90, or 0.18 per cent to Rs 1052 per kg in business turnover of 200 lots.

Similarly, the spice for delivery in January contract weakened by 60 paise, or 0.06 per cent to Rs 1012.90 per kg in 1436 lots.

Market analysts said high supplies against decline in demand in the spot market mainly helped cardamom prices to trade lower at futures trade.

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