Cardamom futures fall 0.93% on sluggish demand

New delhi: Cardamom futures fell by 0.93 per cent to Rs 1,470 per kg today as traders trimmed their holdings amid sluggish spot demand.

Besides, adequate stocks position following increased arrivals from producing regions also fuelled the downtrend.

At the Multi Commodity Exchange, cardamom for delivery in April declined by Rs 13.80, or 0.93 per cent, to Rs 1,470 per kg in a business turnover of 29 lots.

The spice for delivery in March was down by Rs 3.90, or 0.26 per cent, to Rs 1,471 per kg with a trading volume of 57 lots.

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