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Cardamom futures prices fell today by 0.53% to Rs 738.10 per kg as speculators reduced their positions amid adequate stocks position in the physical market on account of higher supply from the producing belts.
At the Multi Commodity Exchange, cardamom for delivery in February declined by Rs 4, or 0.53%, to Rs 738.10 per kg in business turnover of 32 lots.
Similarly, the spice for delivery in January traded lower by Rs 3.80, or 0.53%, to Rs 709.80 per kg in 212 lots.
Market analysts said traders reduced their positions on the back of weak trend at spot market on subdued demand mainly helped cardamom futures to trade lower.
