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Cardamom extended losses for the second day with prices falling by 0.57% to Rs 693.10 per kg in futures trading today as speculators indulged in reducing positions, tracking a weak trend at spot market.
At the Multi Commodity Exchange, cardamom for delivery in December fell further by Rs 4, or 0.57%, to Rs 693.10 per kg in business turnover of 167 lots.
Similarly, the spice for delivery in January traded lower by Rs 2.30, or 0.32% to Rs 726.50 per kg in 74 lots.
Analysts said the fall in cardamom prices at futures trade was attributed offloading of positions by speculators, tracking a weak trend at spot market on sluggish demand against increased supplies from producing belts.
