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Cardamom futures fall 1.83% on sluggish demand

New Delhi: Cardamom futures fell 1.83 per cent to Rs 1,237 per kg today as traders trimmed their holdings amid sluggish spot demand.

Moreover, adequate stock position following increased arrivals from producing regions also fuelled the downtrend.

At the Multi Commodity Exchange, the commodity for December eased by Rs 23, or 1.83 per cent, to Rs 1,237 per kg, with a business turnover of 15 lots.

The spice for delivery in January was trading lower by Rs 5.20, or 0.38 per cent, at Rs 1,357 per kg, with a trading volume of 19 lots.

Marketmen said offloading of positions by participants owing to a weak trend at spot market on subdued demand mainly put pressure on cardamom prices.