International Spice Commodities Update – Cardamom

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Cardamom prices fell by Rs 20.50 ($0.40, €0.30, £0.25) to Rs 1,303 ($25.31, €19.28, £15.87) per kg in futures trade today as speculators booked profits at existing price levels, driven by weak trend in the spot market on sluggish demand.

Ample stocks following increased arrivals from the key producing regions further fuelled the downtrend in cardamom futures.

At the MCX, cardamom for delivery in June fell by Rs 20.50 ($0.40, €0.30, £0.25), or 1.55 per cent, to Rs 1,303 ($25.31, €19.28, £15.87) per kg in business turnover of 202 lots.

The May contract declined by Rs 19 ($0.37, €0.28, £0.23), or 1.54 per cent, to Rs 1,217.50 ($23.65, €18.01, £14.93) per kg in 1,124 lots.

www.keresspices.com

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