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Cardamom extended losses for the third straight session by with prices falling by 0.69% to Rs 706.90 per kg in futures market today as speculators trimmed positions, driven by subdued demand in the spot market.
Adequate stocks position in the physical market following increased arrivals from producing regions also put pressure on cardamom.
At the Multi Commodity Exchange, cardamom for delivery in November fell further by Rs 4.90, or 0.69%, to Rs 706.90 per kg in business turnover of 936 lots.
Similarly, cardamom for delivery in December traded lower by Rs 2.80, or 0.37%, to Rs 746.20 per kg in 138 lots.
Market analysts said trimming of positions by speculators on the back of sluggish demand in the spot market against adequate stocks availability mainly kept pressure on cardamom prices at futures trade.
