 "Cardamom down by 0.6% on sluggish demand")
Cardamom prices fell by 0.62% to Rs 791.80 per kg in futures trade today as speculators reducfed their holdings, triggered by sluggish demand in the spot market.
Adequate stocks in the physical market following increased arrivals from producing regions also put pressure on cardamom.
At the Multi Commodity Exchange, cardamom for delivery in October month declined by Rs 4.90, or 0.62% to Rs 791.80 per kg in business turnover of 137 lots.
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Similarly, the spice for delivery in September traded marginally lower by 50 paise, or 0.07% to Rs 767,30 per kg in 636 lots.
Market analysts said speculators reduced their holdings on the back of sluggish demand in the spot market against adequate stocks position mainly put pressure on cardamom prices at futures trade.