MUMBAI (Commodity Online): Cardamom futures declined sharply on the MCX counter owing intense sell off at higher levels triggered better production outlook and higher supply amid lower demand in the spot market on Thursday.

MCX Cardamom near month August contract dipped by 4% and is trading at 1474.7 per quintal. October contract futures also fell sharply to 1171.1 per quintal.

Cardamom futures continued weak trend by following the all spice trend as it eroded the earlier gains on the back of fresh arrivals as well as investors booking their profits. The most active August Cardamom contract on MCX has touched lower circuit by closing at Rs.1536.

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