Cardamom futures remain weak on low demand

Cardamom prices drifted lower by 0.22 per cent to Rs 1,068 per kg in futures trade today as speculators trimmed positions, taking negative cues from spot market on subdued demand.

At the Multi Commodity Exchange, cardamom for delivery in April was trading lower by Rs 2.40, or 0.22 per cent, to Rs 1,068 per kg in business turnover of 47 lots.

Analysts said cutting down of positions by participants owing to slackened demand in the physical market against adequate stocks position on higher supplies from producing belts kept cardamom prices weak in futures trade.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)