Cardamom prices drifted lower by 0.56 per cent to Rs
1,042 per kg in futures trade today as investors exited positions amid easing
demand in the spot market.
At the Multi Commodity Exchange, cardamom for
delivery in April declined by Rs 5.90, or 0.56 per cent to Rs 1,042 per kg in
business turnover of 6 lots.
Traders said offloading of positions by
participants on the back of decline in demand in the physical market against
adequate stocks position on higher supplies from producing belts mainly weighed
on cardamom prices at futures trade.
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