NEW DELHI, May 9: Cardamom prices drifted lower by Rs 12.10 to Rs 1,043 per kg in futures market today as traders trimmed holdings amid sluggish demand at the spot market.
Moreover, adequate stocks position following increased arrivals from producing regions too fuelled the downtrend.
At the Multi Commodity Exchange, cardamom for June delivery declined by Rs 12.10, or 1.15 per cent, to Rs 1,043 per kg, in a business turnover of 25 lots.
Traders said offloading of positions by participants amid sluggish demand in the spot market against adequate stocks position on higher supplies from producing belts, mainly led to the decline in cardamom prices at futures trade. (PTI)
****
Trending Now
E-Paper
Follow our WhatsApp channel