Cardamom prices declined by Rs 7.90 to Rs 904.20 per kg in futures trading today as speculators reduced their positions, driven by weak trend at the spot markets on sluggish demand.
Adequate stocks positions following fresh arrivals from producing belts also put some pressure on the prices.
At the Multi Commodity Exchange, cardamom for September delivery declined by Rs 7.90, or 0.87%, to Rs 904.20 per kg, with a business turnover of 55 lots.
Similarly, the spice for August delivery shed Rs 2.20, or 0.25%, to Rs 874 per kg, with an open interest of 206 lots.
Analysts said speculators reduced their holdings due to sluggish demand in the spot market, causing the decline in cardamom prices at futures trade.